In the US, the release of FOMC meeting minutes on Wednesday will offer insights into the potential timing of future interest rate cuts by the Federal Reserve, complemented by comments from various Fed officials. On the data front, attention will turn to the flash S&P Global PMIs which are expected to show a small slowdown for both manufacturing and services. Other notable releases include existing home sales, the Chicago Fed National Activity Index and weekly jobless claims. On the earnings front, Home Depot, Walmart, Etsy, NVIDIA, Moderna, and Berkshire Hathaway are due to report quarterly results. Elsewhere in America, focus extends to Canada's inflation rate, retail sales, and new home prices, along with Brazil's business morale and Mexico's Q4 GDP figures.

In Europe, investors await the ECB monetary policy meeting accounts, seeking guidance on potential interest rate cuts. Flash PMIs for the Eurozone, Germany, and France are expected to indicate a smaller contraction in private sector activity this month. Furthermore, flash figures should reveal improved consumer morale across the bloc, while the Ifo Business Climate indicator for Germany is likely to have increased from its weakest level since May 2020. However, updated Q4 GDP data will probably confirm a 0.3% contraction in the German economy in the final quarter of 2023. Meanwhile, the Central Bank of Turkey is expected to maintain its benchmark interest rate at 45% in February, pausing the 3650bps hiking campaign that began in June 2023. Other data to be released includes the Eurozone's final inflation figures for January, current account, construction output, and car registrations; Spain and Switzerland's foreign trade; France's business sentiment; Italy's final CPI reading; and Turkey's business and consumer survey.

In China, investors await the reopening of mainland financial and commodity markets to assess how the week-long Lunar New Year festivities impacted the country’s pessimistic sentiment. Despite expectations of further economic support from Beijing, the PBoC is expected to maintain key interest rates unchanged next week as a weak yuan counters the need for a more accommodative monetary policy. Additionally, the fourth-quarter current account is awaited. In Japan, the spotlight will be on fresh PMI figures and the Reuters Tankan index for February, in addition to January’s trade balance. PMI updates are also awaited for India, followed by minutes from the RBI’s latest policy-setting meeting. Elsewhere, monetary authorities in South Korea and Indonesia are set to update their policy rates, and Thailand will unveil its 2023 GDP. In Australia, minutes from the RBA will give further insights into policymakers’ requirements to eventually start easing monetary policy. Flash PMIs for February are also awaited.