Euro area consumer price inflation provides excitement. The consensus expectation is for a slight reduction in the rate to 0.3%, although it should be noted that the fears of additional disinflation forces did not materialise in the Spanish and German numbers yesterday.
The comprehensive measure of UK house prices is due (there is no evidence of a bubble outside of London). The Americans are offering income and spending data, Michigan consumer sentiment (which should bounce back) and Chicago manufacturing sentiment.
Japanese data today cannot really be chalked up as a win for Abenomics. Household spending was weak (though retail sales less so), and industrial production was disappointing. Even allowing for consumption tax increase related volatility, this was softer data.
Geopolitical risk will continue to add volatility for financial markets, as traders try and interpret events in the Russo-Ukrainian crisis. The economic consequences of this seem largely priced in, but there still seems an inclination to react to garbled news reports.