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European Economics Preview: UK Inflation Data Due

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Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for June. Inflation is forecast to slow to 0.4 percent from 0.5 percent in May.

Economists forecast UK output prices to fall 1.1 percent annually, following a 1.4 percent drop in May. At the same time, the decline in input prices is forecast to slow to 6.5 percent from 10 percent a month ago.

In the meantime, foreign trade figures are due from Norway. The deficit totaled NOK 1.2 billion in May.

At 4.00 am ET, Italy's Istat releases final consumer prices for June. Economists forecast prices to drop 0.2 percent annually, in line with the preliminary estimate.

In the meantime, consumer price data is due from Poland.

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