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European Economics Preview: UK Nationwide House Price Data Due

preview jan29 lt

House prices from the UK and consumer sentiment from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, the UK Nationwide house price data is due. House prices are forecast to rise 1.5 percent on a yearly basis in January, faster than the 1.4 percent rise in December.

In the meantime, Germany's consumer confidence survey results are due. The forward-looking index is expected to remain unchanged at 9.6 in February.

At 2.45 am ET, France Insee publishes consumer confidence data. Economists forecast a score of 102 in January, unchanged from December.

At 3.00 am ET, Spain retail sales data is due. Sales are forecast to grow 2.2 percent annually in December after rising 2.9 percent in November.

In the meantime, the Swedish National Institute of Economic Research releases economic tendency survey data.

At 4.00 am ET, consumer and business confidence data is due from Italy's Istat. The consumer sentiment index is seen at 110.5 in January versus 110.8 in December.

In the meantime, the European Central Bank releases money supply data. Eurozone M3 is forecast to grow 5.5 percent on year in December after rising 5.6 percent in November.

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