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European Economics Preview: Germany ZEW Economic Confidence Data Due


Economic sentiment data from Germany is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers Association publishes Europe's new car registrations data for May. Sales had dropped 0.4 percent annually in April.

Also, Destatis is scheduled to release producer prices for May. Economists forecast Germany's producer prices to rise 0.1 percent on month, following a 0.5 percent increase in April.

At 3.00 am ET, industrial production data is due from Turkey. Industrial production is expected to gain 0.1 percent on month in April, following a 2.1 percent rise in March.

At 4.00 am ET, European Central Bank President Mario Draghi is set to speak at an event in Sintra, Portugal.

At 5.00 am ET, Germany's ZEW economic confidence survey results are due. The economic confidence index is seen falling to -5.6 in June from -2.1 in May.

In the meantime, Eurostat releases Eurozone final inflation and foreign trade data. Inflation is seen at 1.2 percent in May versus 1.7 percent in April. The rate is expected to match the flash estimate released on June 4.

The euro area trade surplus is forecast to fall to EUR 17 billion in April from EUR 17.9 billion in March.

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