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European Economics Preview: German Ifo Business Confidence Data Due

preview oct16 24jun20 lt

Business sentiment survey results from Germany and France are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway releases unemployment data for April. The jobless rate is expected to rise to 3.8 percent in April.

At 2.45 am ET, France's statistical office Insee is scheduled to issue business confidence survey results. The sentiment index is forecast to rise to 80 in June from 70 in May.

At 3.00 am ET, manufacturing confidence survey data is due from Sweden and Turkey.

At 4.00 am ET, Germany's ifo Institute is scheduled to publish business sentiment survey results for June. Economists forecast the business climate index to rise to 85.0 in June from 79.5 a month ago.

In the meantime, unemployment data is due from Poland. The jobless rate is expected to rise to 6.1 percent in May from 5.8 percent in April.

At 8.30 am ET, the Czech National Bank announces its interest rate decision. Economist forecast the bank to hold its key rate at 0.25 percent.

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