Source: Sharecast
At 1230 BST, the Department of Labor is expected to announce that the annual rate of headline CPI accelerated from 2.4% in May to 2.7% for June.
Consensus meanwhile is that core CPI picked up by two tenths of a percentage point to 3.0%.
Also worth keeping tabs on will be a flurry of Fed speakers scheduled for over the afternoon.
Bank of England Governor Andrew Bailey is also due to take to the podium, at 2000 BST.
Overnight, China's National Bureau of Statistics will publish reports on fixed asset investment, industrial production and retail sales for June.
In the euro area, the ZEW Institute will release its closely followed index of economic expectations for the month of July.
On the company front, all eyes will be on the start of the quarterly earnings season in the US.
Citigroup, JP Morgan and Wells Fargo are all due to report second quarter results.
"With US banks seeing solid gains during Q2 we’ve started to see a bit of a pullback in recent days, with further gains likely to be predicated on what economic headwinds might be coming down the pipe over the rest of the year," said City analyst Michael Hewson.
Tuesday 15 July
FINALS
Northern Bear, Brickability Group, Sosandar
INTERIMS
RM
Q2
NCC Group
TRADING ANNOUNCEMENTS
IntegraFin Holding, Robert Walters, Experian
AGMs
Strategic Minerals
GMs
Catenai, Bellevue Healthcare Trust (Red)
FINAL DIVIDEND PAYMENT DATE
Severn Trent
UK ECONOMIC ANNOUNCEMENTS
BRC Sales Monitor (00:01)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
ZEW Survey (GER) - Current Situation (10:00)
Industrial Production (EU) (10:00)
ZEW Survey (EU) - Economic Sentiment (10:00)
ZEW Survey (GER) - Economic Sentiment (10:00)
Consumer Price Index (US) (13:30)