In the United States, investors will be closely watching inflation rate, retail trade, industrial production and the preliminary reading of Michigan consumer sentiment. Other key data include: JOLTs job openings; producer prices; business inventories; the Government's monthly budget statement; NFIB Business Optimism Index; NY Empire State Manufacturing Index; and consumer inflation expectations. Elsewhere in America, traders will be looking to Canada housing starts and new housing prices; and Brazil retail sales.
In the United Kingdom, the Bank of England will meet to deliver its latest policy decision. Other important releases include inflation figures, unemployment rate and wage growth. Elsewhere in Europe, markets will focus on the Eurozone industrial production, trade balance and employment change; Germany final reading of inflation rate; Italy industrial output; Ireland and Turkey GDP growth figures; Switzerland, Turkey and Russia interest rate decisions.
In China, analysts are eyeing industrial production, retail trade, fixed asset investment and foreign direct investment. Meanwhile in Japan, machinery orders, industrial output, tertiary industry index and producer prices will be in the spotlight. Other important data across Asia include India inflation rate, industrial production and wholesale prices; and Indonesia and Philippines trade balance.
In Australia, the most important releases are unemployment rate, NAB business confidence and Westpac consumer confidence.