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European Economics Preview: Eurozone Economic Sentiment Data Due

preview jan08 lt

Economic confidence survey from euro area and factory orders from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis publishes Germany's factory orders data for November. Orders are forecast to grow 0.2 percent on month, in contrast to a 0.4 percent fall in October.

In the meantime, industrial production figures from Norway are due.

At 2.45 am ET, France consumer sentiment survey data is due from Insee. Economists forecast the consumer sentiment index to drop to 104 in December from 106 in November.

Also, France foreign trade and balance of payment reports are due.

At 3.00 am ET, the Hungarian Central Statistical Office issues preliminary foreign trade data. The trade surplus is expected to increase to EUR 523 million in November from EUR 479 million in October.

At 3.30 am ET, UK Halifax house price data is due. Economists forecast house prices to rise 0.6 percent on month in December, following an increase of 1 percent in November.

At 5.00 am ET, European Commission is scheduled to release euro area economic sentiment survey data. The confidence index is expected to rise to 101.5 in December from 101.3 in November.

At 7.00 am ET, Poland's interest rate decision is due. The bank is set to keep its key rate unchanged at 1.50 percent.

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