Trade talks between the United States and China are likely dominate market headlines in the week ahead following reports that the two countries are reportedly working on a plan to end their ongoing trade dispute.
U.S.-Sino trade-war fears have been simmering for months, keeping market gains in check with investors jittery over the prospects of further escalation in tensions between the world's two largest economies having an impact on economic growth.
Staying on the trade front, European trade officials will meet their U.S. counterparts in Washington Monday, while U.S. talks are expected to continue with Mexico, with a resolution appearing close in the long-running NAFTA saga.
The turmoil in Turkey, where markets are closed for most of the week for Eid al-Adha, could also remain a focus amid ongoing jitters over a currency crisis there due to a deepening diplomatic rift between Washington and Ankara.
Meanwhile, global financial markets will be fixated on the annual meeting of top central bankers and economists in Jackson Hole, Wyoming, where Fed Chairman Jerome Powell speaks Friday.
There is also the release of the minutes from the Federal Reserve's last meeting on Wednesday.
On the data front, a report on U.S. durable goods orders for July comes out on Friday, which should give further signs on the strength of the American economy at the start of the second half of the year.
Elsewhere, in Europe, market players will eye flash survey data on euro zone business activity for August - the most up-to-date snapshot of activity - to gauge if the region's economy is merely encountering a soft patch or entering a more lasting decline.