Monday: June Balance of Payments data to be released in Japan alongside the Trade Balance.

Tuesday: M2 and M3 money aggregates will be released in Japan. In Italy, the final estimate for July's Consumer Price Index will see light. In Germany, August's ZEW survey will be released and in the U.S. analysts expect a 0.4% Month over Month increase in June's Wholesale Inventories, after a 0.8% increase in May.

Wednesday: July Producer Price Index data will see light in Japan, as will the final estimate of June's Industrial Production. July's Industrial Production will also be released in China, where a 6.6% Year over Year increase is expected by analysts. In the U.K. labor market data will see light, including July's Initial Claims. And June's Unemployment, which is currently at 5.6%. In the U.S., the weekly MBA Mortgage Applications will be released.

Thursday: The final estimate for July's Consumer Price Index will be released in Germany, France and Spain. July's Advance Retail Sales will be released in the U.S., where analysts expect a significant recovery. The weekly Initial Jobless Claims will also see light in the U.S.

Friday: Preliminary Second Quarter Gross Domestic Product data will be released throughout the Eurozone. In the U.S., July's Producer Price Index will see light, as will the month's Industrial Production data and preliminary August University of Michigan Consumer Sentiment index data.