The minutes of the Bank of England's latest monetary policy meeting and retail sales from the U.K. are the major reports due on Wednesday.
Statistics Netherlands is scheduled to release March consumer spending at 3.30 am ET. Sweden jobless data is also due. The unemployment rate is seen rising to 7.8 percent in April from 7.7 percent in March.
At 4.00 am ET, the European Central Bank is set to release Eurozone current account figures for March. The current account logged a deficit of EUR 1.3 billion in February compared to a surplus of EUR 3.7 billion in January.
Half an hour later, the Bank of England is slated to release the minutes of the monetary policy meeting held on May 9 and 10. At the two-day meeting, policymakers halted its quantitative easing at GBP 325 billion and retained record low 0.50 percent interest rate.
In the meantime, the Office for National Statistics is scheduled to release U.K. retail sales data. Including automotive fuel, retail sales are forecast to drop 0.8 percent month-on-month and to rise 1 percent from a year ago.
At 6.00 am ET, U.K. Industrial Trends survey results are due from the Confederation of British Industry. The total order book balance is seen at -11 percent in May compared to -8 percent in April.
At the same time, a monthly report is due from Bundesbank.
Later on the day, Heads of State or Government of the EU Member States will gather for an informal dinner in Brussels.
by RTT Staff Writer
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