Trade data from around the Pacific should show goods going west from Japan, China and South Korea, and money flowing east, from North America. Updates from the United States, Germany and Britain are also on the calendar.
The focus on the U.S.-China figures has shifted from “trade war” scoreboard back on fundamentals.
Currency markets will watch the trade data closely for signs that China’s huge surplus is moderating, which could stall the runaway yuan. The currency hit a three-year high versus the dollar in May, triggering a flurry of jawboning from policymakers.
Meanwhile Chinese producer price data on Wednesday will indicate how much inflation is exported as factories start to pass on higher raw material costs to customers.