The US will release updated figures for inflation rate; the preliminary estimate of Michigan consumer sentiment; JOLTs job openings; producer and foreign trade prices; consumer credit change; NFIB Business Optimism Index; IBD/TIPP Economic Optimism; the government's budget statement; and the final reading of wholesale inventories.
In the UK investors will turn their attention to Bank of England's policy meeting, at which the central bank is expected to keep rates on hold on the back of poor economic data and Brexit worries. The country's industrial production, trade balance, construction output and Halifax house prices will also be watched. Elsewhere in Europe, markets will focus on: Germany industrial output, foreign trade and factory orders; France industrial production; Italy retail trade and industrial output; and Switzerland, Sweden and Ireland inflation rates.
In China important data to be released include inflation and producer prices, trade balance and monetary indicators. Meanwhile in Japan analysts are eyeing the publication of household spending, alongside current account, average cash earnings and leading indices.
In Australia key data to watch for will be Westpac consumer confidence and NAB business confidence.
Other important releases include: Canada employment figures and house price index; Brazil and Mexico inflation rates; Indonesia, Hong Kong and the Philippines first quarter GDP growth rates; New Zealand, Malaysia and the Philippines interest rate decisions; and India industrial production.