Consumer confidence from Germany and financial stability report from the Bank of England are due on Wednesday. Elsewhere, U.K. Chancellor is set to outline the Spending Review.
At 2.00 am ET, Germany's GfK consumer sentiment is due. Economists forecast the forward-looking index to remain at 6.5 in July.
In the meantime, the UBS bank is set to issue Swiss consumption indicator for May.
At 2.45 am ET, the French statistical office Insee is scheduled to issue final GDP data for the first quarter. According to preliminary estimate, the economy contracted 0.2 percent. The statistical office is set to confirm the initial estimate.
Statistics Norway is slated to release unemployment data for April. Economists forecast the rate to remain steady at 3.7 percent in April.
At 4.30 am ET, the Financial Stability Report is due from the Bank of England.
At 7.30 am ET, U.K. Chancellor George Osborne is set to unveil the Spending Review for 2015-16. He will cut spending of Whitehall departments by GBP 11.5 billion. Defence spending is likely to see a reduction, while school and health service will be ring-fenced.
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