European Economic News

BoE Minutes And Eurozone Consumer Sentiment On Tap For Wednesday

The minutes of the Bank of England's July monetary policy announcement, eurozone consumer sentiment report and French business confidence figures are among the economic data scheduled for release on Wednesday.

At 4:30 am ET, the Bank of England will release minutes of its July Monetary Policy Committee meeting.

At 2:45 am ET, French Statistical Institute INSEE is due to release its business confidence index for France. The index is expected to remain stable at 98 in July.

At 3:30 am ET, Statistics Netherlands is scheduled to release its consumer spending figures. Consumer spending is estimated to fall 1.4 percent year-over-year in May after the 0.1 percent decline in April.

The Central Statistical Office of Poland is expected to release its retail sales and unemployment reports at 4 am ET. Retail sales are estimated to rise 4 percent year-over-year in June following the 3.8 percent increase in May. The jobless rate is expected to decrease to 12.1 percent in June from 12.5 percent in May.

At 4:30 am ET, the British Bankers Association will release its mortgage approvals data for the U.K. the number of mortgage approvals are expected to decline to 41,375 in June from 41,757 in May.

The Croatian Bureau of Statistics is due to release its unemployment report for June at 5 am ET. In May, the jobless rate was 19.6 percent.

At 6 am ET, the Confederation of British Industry is scheduled to release results of its distributive trade survey for the U.K. The distributive trade balance is expected to increase to 15 percent in July from 4 percent in June.

At 10 am ET, Eurostat is expected to release the preliminary results of its consumer sentiment for the eurozone. The consumer confidence index is estimated to remain at-7.5 in July, the same as in June.

Speeches

At 7:45 am ET, Bank of England's Mark Carney is scheduled to participate in a debate on the Global Economy at the Glasgow University. Leader of the U.K. House of Commons William Hague will take part in a Panel discussion in Brussels at 12 pm ET. Marek Belka, president of Narodowy Bank Polski, is due to speak to the Polish Parliament.

by RTTNews Staff Writer

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