Industrial production and foreign trade data from Germany and quarterly Inflation Report from the Bank of England are due on Wednesday, headlining a hectic day for the European economic news.
At 1.45 am ET, Swiss consumer confidence is due. The sentiment index is seen improving to -4 in July from -8.
At 2.00 am ET, Destatis is set to release Germany's foreign trade data. The trade surplus is forecast to fall to EUR 14.6 billion in June from EUR 15.3 billion in May.
Half an hour later, French business confidence is due from the Bank of France. The index is expected to fall marginally to 90 in July from 91 in June.
At 3.00 am ET, industrial production from Spain, unemployment from Czech and trade balance from Hungary are due. Spain's industrial output is seen easing 6.2 percent annually in June. The Czech jobless rate is forecast to rise to 8.3 percent in July from 8.1 percent in June.
The Bank of England is set to release its quarterly Inflation Report at 5.30 am ET. The report sets out the detailed economic analysis and inflation projections on which policymakers base their interest rate decision.
In the meantime, the Federal Ministry of Economy and Technology is slated to publish German industrial output for June. Economists forecast output to fall 0.8 percent month-on-month, reversing a 1.6 percent rise in May.
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