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European Economics Preview: German GfK Consumer Confidence Data Due

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

At 2.00 am ET, the market research group Gfk publishes German consumer sentiment survey results. The forward-looking consumer sentiment index is forecast to rise to -18.3 in June from -23.4 in May.

In the meantime, Swiss foreign trade data and retail sales from Denmark are due.

At 4.00 am ET, Poland's unemployment data for April is due. Economists forecast the jobless rate to rise to 5.7 percent from 5.4 percent in March.

At 6.00 am ET, the Confederation of British Industry is set to issue Distributive Trades survey data for May. The retail sales balance is expected to rise to -50 percent from -55 percent in April.

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

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