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European Economics Preview: Spain Unemployment Data Due

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Unemployment from Spain is due on Tuesday, headlining a very light day for the European economic news.

At 3.00 am ET, Spain's INE publishes fourth quarter unemployment data. The jobless rate is seen at 14 percent versus 13.92 percent in the third quarter.

At 3.30 am ET, Statistics Sweden is slated to issue retail sales, producer prices and foreign trade figures. Sales are forecast to drop 0.9 percent on month in December, following a 0.4 percent decrease in November.

At 6.00 am ET, the Confederation of British Industry is set to publish Distributive Trades Survey data. The retail sales balance is expected to rise to +3 percent in January from zero in December.

In the meantime, retail sales data is due from Ireland.

At 8.00 am ET, Hungary's central bank announces its rate decision. The bank is expected to maintain its benchmark rate at 0.90 percent.

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