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European Economics Preview: Germany Foreign Trade Data Due

preview2 sept20 08jun20 lt

Foreign trade figures from Germany and France are due on Tuesday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs, or SECO, releases Swiss unemployment data. The jobless rate is forecast to rise to a seasonally adjusted 3.7 percent in May from 3.3 percent in April.

At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data for April. Exports are forecast to decline 15.6 percent on month and imports to drop 16 percent.

At 2.45 am ET, France current account and foreign trade figures are due.

At 3.00 am ET, inflation and foreign trade reports are due from Hungary. Inflation is expected to remain unchanged at 2.4 percent in May.

At 5.00 am ET, Eurostat releases euro area revised quarterly national accounts for the first quarter. The economy is expected to shrink 3.8 percent sequentially, as initially estimated.

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