Economic confidence from Germany and industrial output from euro area are the major reports due on Tuesday.
At 2.00 am ET, Destatis is slated to release Germany's wholesale prices and final consumer price figures. Wholesale prices are forecast drop 0.6 percent year-on-year in April, following a 0.3 percent rise in March. EU harmonized inflation is expected to match the flash estimate of 1.1 percent in April.
In the meantime, Finland's consumer price data is due. Annual inflation is expected to ease marginally to 1.6 percent in April from 1.7 percent in March.
At 3.00 am ET, Spain's statistical office INE is set to publish final consumer prices for April. HICP inflation is seen at 1.5 percent, in line with preliminary estimate. Also, Hungary's consumer price figures are due. Economists forecast inflation to fall to 1.7 percent in April from 2.2 percent in March.
Half an hour later, Sweden's consumer prices are due. Consumer prices are expected to fall 0.2 percent year-on-year, after staying flat in March.
At 4.00 am ET, Italy's final consumer price data is due. HICP inflation is seen matching 1.3 percent initial estimate in April.
At 5.00 am ET, Germany's ZEW economic confidence survey data is due. Economic confidence is seen improving to 40 in May from 36.3 in April. At the same time, the current conditions index is expected to rise to 9.8 from 9.2 in the prior month.
Eurostat is set to release euro area industrial production figures at 5.00. After rising 0.4 percent in February, output is seen rising 0.5 percent in March.
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