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European Economics Preview: French Business Sentiment Due

European Economics Preview: French Business Sentiment Due
2/20/2012 2:04 AM ET

French business confidence is the only significant statistical report due at the start of the week, headlining a light day for the European economic news. Elsewhere, Eurozone leaders are set to meet to discuss Greece's second bailout package later today.

French business confidence is due from the statistical office Insee at 2.45 am ET. Economists forecast sentiment to rise to 92 in February from 91 in January.

Statistics Netherlands is set to publish consumer confidence survey data for February at 3.30 am ET. The consumer confidence index remained unchanged at -37 in January.

At 4.00 am ET, Italy's industrial orders for December are due. Industrial orders are forecast to rise 0.6 percent month-on-month in December after rising 0.1 percent in November. On a yearly basis, orders are expected to fall 5.6 percent.

French T-Bill auction is due at 9.00 am ET.

Later today, Eurozone finance ministers will meet in Brussels. Ministers are expected to seal the second bailout for Greece, which will help the country to avoid a default. Another subject to be discussed include how much the International Monetary Fund will contribute to the new package.

by RTT Staff Writer

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