Preliminary inflation from Germany is the only major statistical report due on Wednesday.
At 2.00 am ET, Destatis is scheduled to publish Germany's import prices for May. Import price inflation is seen unchanged at 2.3 percent in May.
At 3.00 am ET, Spain's retail sales figures for May are due. Retail sales are forecast to fall 8.1 percent annually, following a 9.8 percent drop in April.
Italy's business confidence and Norway's unemployment figures are due at 4.00 am ET. The jobless rate is seen unchanged at 3 percent in April.
Half an hour later, British Bankers' Association is slated to publish mortgage approvals for May. The number of mortgage approvals is expected to rise to 33,000 from 32,438 in April.
Italy's BOT auction results are due at 5.00 am ET. The government aims to raise a maximum of EUR 9 billion from the issue.
The Confederation of British Industry is scheduled to release Distributive Trades survey data at 6.00 am ET. Economists forecast the retail sales balance to fall to 15 percent in June from 21 percent in May.
At 8.00 am ET, Germany's flash inflation figures are due from Destatis. Annual inflation is expected to fall to 1.8 percent in June from 1.9 percent in May. EU harmonized inflation is seen at 2.1 percent annually, down from 2.2 percent in May.
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