Inflation data from the UK and German economic sentiment survey results from ZEW are the major economic news due from Europe on Tuesday.
At 2 am ET, the European Automobile Manufacturers' Association, or ACEA, is scheduled to release data on European new car registrations for the month of May.
At 3 am ET, the Hungarian Central Statistical Office is slated to publish April gross wages data.
At 4.30 am ET, the Office for National Statistics is due to release British inflation data for the month of May. The consumer price inflation is forecast to rise 2.6 percent annually in May following a 2.4 percent gain in April.
The statistical office is also scheduled to release the output price data for May as well as the UK house price figures for April at the same time.
German June economic sentiment survey results from the Center for European Economic Research, or ZEW, is expected at 5 am ET. Economists forecast the sentiment indicator to rise to 38.1 from 36.4 in May.
Interest rate decision from the Central Bank of the Republic of Turkey is due at 7 am ET. In May, the bank cut its main policy rate by 50 basis points to 4.5 percent.
Last week, the central bank said it will intervene directly in the currency market if needed, after widespread protests in the country triggered a slide in lira.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.