Quarterly national accounts from euro area and other major Eurozone nations are due on Wednesday, headlining a hectic day for the European economic news.
At 1.30 am ET, the French statistical office Insee is scheduled to issue preliminary GDP figures. The economy is forecast to shrink 0.1 percent sequentially in the first quarter.
Half an hour later, Germany's flash GDP data for the first quarter is due. GDP is expected to grow 0.3 percent quarter-on-quarter, partially offsetting the 0.6 percent drop in the prior quarter.
At 2.45 am ET, France inflation figures are due. EU harmonized inflation is seen slowing to 0.9 percent in April from 1.1 percent in March.
GDP figures are due from the Czech Republic, Hungary, Austria and Romania at 3.00 am ET.
At 3.15 am ET, the Federal Statistical Office is slated to issue Swiss producer and import prices for April. Producer and import prices are forecast to fall 0.3 percent year-on-year.
At 3.30 am ET, Statistics Netherlands is set to publish GDP, foreign trade and unemployment figures. Economists forecast the economy to shrink 0.1 percent sequentially in the first quarter.
At 4.00 am ET, Italy's first quarter GDP data is due. The Italian economy is expected to contract 0.4 percent sequentially after easing 0.9 percent in the prior quarter. In the meantime, Norway's GDP data is also due.
Half an hour later, the Office for National Statistics is scheduled to publish UK claimant count data. The number of people claiming unemployment benefits is expected to fall by 3,000 in April.
At 5.00 am ET, Eurostat is set to publish first estimate for euro area GDP. The economy is forecast to contract at a moderate pace of 0.1 percent sequentially in the first quarter, following a 0.6 percent decline in the prior quarter.
At 5.30 am ET, the Bank of England is scheduled to publish its quarterly Inflation Report. The bank is expected to lower its inflation forecast.
For comments and feedback: editorial@rttnews.com