Economic sentiment survey results from Eurozone and mortgage approvals from the U.K. are the major reports due on Wednesday.
At 2.00 am ET, the European Automobile Manufacturers Association is set to release commercial vehicle registration figures for April.
At 3.00 am ET, a slew of statistical reports are due. The Swiss KOF leading index is forecast to remain unchanged at 0.4 in May.
Spain's flash inflation data is due from the statistical office INE. Annual inflation is expected to remain unchanged at 2 percent in May. At the same time, Hungary's statistical office is scheduled to release April jobless figures.
At 3.30 am ET, Statistics Sweden is set to publish first quarter GDP data. The economic growth is expected to slow to 0.9 percent year-on-year from 1.1 percent in the previous quarter.
Half an hour later, the European Central Bank is slated to issue Eurozone M3 money supply figures. M3 growth is seen improving to 3.4 percent annually from 3.2 percent in March.
In the meantime, Italy's producer prices are due. Economists forecast producer price inflation to slow to 2.3 percent in April from 2.7 percent in March.
At 4.30 am ET, U.K.'s mortgage approvals data is due. The number of mortgage approvals is seen at 50,100 in April compared to 49,860 in the previous month.
European Commission is scheduled to publish economic confidence survey results at 5.00 am ET. Eurozone economic sentiment is seen easing to 91.9 in May from 92.8 a month ago. At the same time, business confidence is forecast to weaken to -0.67 from -0.52 in April.
Italy's debt auction results are due at 5.10 am ET. The treasury is expected to raise EUR 6.25 billion from 5-year and 10-year bonds.
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