In the US investors await the release of the FOMC minutes on Wednesday, anticipating further clues on the timing of the next interest rate hike. Important economic data include: inflation rate; the preliminary estimate of Michigan consumer sentiment; JOLTs job openings; producer and foreign trade prices; NFIB Business Optimism Index; the government's budget statement; and the final reading of wholesale inventories.
The UK will publish industrial production, trade balance, construction output and Halifax house prices. Elsewhere in Europe, markets will also focus on: the Eurozone industrial production and trade balance; Germany foreign trade; France industrial production; Italy retail trade and industrial output; and Ireland and Sweden inflation rates. The National Bank of Poland will be deciding on monetary policy.
In China important data to be released include inflation and producer prices, trade balance, foreign direct investment and monetary indicators. Meanwhile in Japan analysts are eyeing the publication of consumer confidence, alongside machinery orders, producer prices and current account.
In Australia key data to watch for will be Westpac consumer confidence and NAB business confidence.
Other important releases include: Mexico interest rate decision and inflation; Brazil inflation; India inflation rate, industrial production and trade balance; Singapore first quarter GDP growth; South Korea interest rate decision; and the Philippines foreign trade.