Producer prices from Eurozone and mortgage approvals from the U.K. are the major reports due on Tuesday, headlining a light day for the European economic news.
At 3.00 am ET, Turkey's consumer prices for June is due. Annual inflation is forecast to rise to 9.47 percent from 8.28 percent in the prior month.
In the meantime, Hungary's final trade data is due. According to preliminary estimate, the trade surplus totaled EUR 396.3 million.
At 4.30 am ET, the Bank of England is scheduled to publish U.K. mortgage approvals for May. The number of mortgage approvals is seen at 50,000, down from 51,800 in April.
In the meantime, the U.K. construction PMI is due. The index is expected to fall to 52.9 in June from 54.4 in May.
Eurostat is set to release Eurozone producer prices for May. Economists forecast producer prices to rise 2.5 percent annually after increasing 2.6 percent in April. On a monthly basis, it is expected to drop 0.3 percent.
by RTT Staff Writer
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