Monday: Preliminary fourth quarter Gross Domestic Product data will see light in Japan. Analysts see a 0.8% annualized contraction of the economy eroding much of the previous quarter's gain. December's Final estimate for Industrial Production will also see light in Japan, as will the Tertiary Industry Index. ECB President Draghi is scheduled to speak in a European Union Parliament Committee.

Tuesday: January's Consumer Price Index will be released in the U.K – analysts see annual inflation recover somewhat, to 0.3%, from a current 0.2%. January's Producer Price Index will also see light in the U.K. In Germany, February's ZEW Survey will see light, with analysts eyeing substantial deterioration for both the Current Situation component, as well as Expectations. In the u.s., February's Empire Manufacturing Index will see light.

Wednesday: December Machine Orders data will be released in Japan. In the U.K., January's Claimant Count Rate will see light, as well as January's Jobless Claims and Unemployment data. In the U.S., the weekly MBA Mortgage Applications will see light. The day will also see January's Housing Starts data released in the U.S., still producing strong figures. On the supply side, January's Producer Price Index will be released in the U.S., followed by January's Industrial Production data. In the U.S, the Fed will release minutes of January's FOMC Meeting.

Thursday: In China, January's Consumer and Producer Price Indices will see light. The final estimate for January's Consumer Price Index will also see light in France, currently seeing 0.2% annual inflation. In the U.S., the weekly Initial Jobless Claims data will see light, as will January's Leading Index.

Friday: December's All Industry Activity Index will see light in Japan. January's Consumer Price Index will be released in both Canada, as well as the U.S., the latter having analyst expect annual inflation will recover nicely, to 1.3%. February's Consumer Confidence Index will be released in the Eurozone.