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European Economics Preview: UK Services PMI Data Due


Purchasing Managers' survey results from the UK and euro area are due on Wednesday, headlining a busy day for the European economic news.

At 3.00 am ET, the Turkish Statistical Institute releases consumer and producer price data. Inflation is seen at 16.1 percent in June, but down from 18.7 percent in May.

At 3.30 am ET, Sweden central bank interest rate announcement is due. The bank is expected to maintain its key repo rate at -0.25 percent.

At 3.45 am ET, Italy's composite PMI data is due. The composite indicator is forecast to drop to 49.5 in June from 49.9 in May.

At 3.50 am ET, IHS Markit releases France's final PMI data. The final composite PMI reading is expected to match the flash estimate of 52.9 in June.

At 3.55 am ET, Germany's final PMI data is due. The composite indicator is seen at 52.6 in June, unchanged from the preliminary estimate.

At 4.00 am ET, IHS Markit publishes euro area PMI data. Economists expect the score to remain unchanged from the flash estimate in June, at 52.1.

At 4.30 am ET, UK CIPS/IHS Markit services PMI data is due. The index is forecast to remain unchanged at 51.0 in June.

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