In the US, investors will be waiting for February's inflation rate and the preliminary reading of Michigan consumer sentiment. The consumer price report will probably show inflation rate at 1.6 percent, unchanged from the previous month's 19-month low. In addition, retail sales should post a slight recovery after falling in December by the most in over nine years. Also, durable goods orders should drop in January, following two consecutive months of gains; while industrial output is set to increase 0.4 percent in February after posting its first decline in eight months. Figures for new home sales, construction spending, JOLTs job openings, producer and foreign trade prices, business inventories, NY Empire State Manufacturing Index and capital flows will also be keenly watched.

Other important data for America include Canada new house prices; and Brazil inflation rate, retail sales and industrial production.

In the UK, Parliament will vote on Prime Minister Theresa May’s Brexit agreement on Tuesday. If the withdrawal agreement is rejected, MPs will get to vote on Wednesday on whether to leave the EU with no deal; and, if both proposals are rejected, there will be another vote on Thursday on extending the departure date. Although the outcome is uncertain, market expectations point to an extension in negotiations for a few months. Also on Wednesday, Chancellor Philip Hammond will be delivering his Spring Statement to the House of Commons. On the economic data front, the ONS will release monthly GDP figures, alongside industrial production, construction output and trade balance.

Elsewhere in Europe, the calendar is soft with traders mainly eyeing the publication of the Eurozone industrial activity and February's final inflation rate; Germany foreign trade data and industrial output; Turkey Q4 GDP growth and jobless rate; Ireland Q4 GDP growth; and Sweden inflation. 

China will be providing updated figures for industrial production, retail sales, fixed asset investment, monetary indicators and house price index. Meanwhile, the Bank of Japan will hold its monetary policy meeting on Friday, but no changes are expected. Other important data for Japan include producer prices and machinery orders. Investors will also be waiting for India’s trade balance, current account, industrial output and consumer and wholesale prices. Consumer inflation is expected to rise from a 19-month low seen in January. Other key data for the Asia-Pacific region include: Australia NAB business confidence, Westpac consumer sentiment, home loans and consumer inflation expectations; South Korea unemployment rate; New Zealand food inflation and BNZ manufacturing PMI; and the Philippines and Indonesia trade figures.

Market players will also focus on OPEC's monthly report and IEA's Oil Market Report.