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European Economics Preview: UK Labor Market Data Due

preview jun11 lt

Unemployment from the UK and investor confidence from euro area are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway publishes consumer price data. Economists forecast inflation to remain unchanged at 2.9 percent in May.

At 2.30 am ET, Bank of France business sentiment survey data is due. The business confidence index is forecast to rise slightly to 100 in May from 99 in April.

Half an hour later, the Czech inflation data is due. Inflation is expected to slow slightly to 2.7 percent in May from 2.8 percent in April.

At 4.30 am ET, the Office for National Statistics releases UK unemployment data. The ILO jobless rate is seen unchanged at 3.8 percent in three months to April.

In the meantime, Eurozone Sentix investor confidence data is due. Economists forecast the investor sentiment index to drop to 2.5 in June from 5.3 in May.

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