European Economics Preview: Germany ZEW Economic Confidence Due

EEP17 011515 21Jun16

Economic confidence from Germany and public sector finance from the U.K. are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Switzerland's foreign trade data is due for May. The trade surplus totaled CHF 2.5 billion in April.

In the meantime, Statistics Finland releases unemployment data for May. The jobless rate stood at 9.8 percent in April.

At 4.30 am ET, the Office for National Statistics is scheduled to publish U.K. public sector finance data for May. The budget deficit is seen widening to GBP 9.4 billion from GBP 7.2 billion in April.

Half an hour later, Germany's ZEW economic confidence survey results are due. The economic sentiment index is seen at 4.8 in June versus 6.4 in May.

At 6.00 am ET, the Confederation of British Industry releases Industrial Trends survey data for June. The industrial order balance is forecast to fall to -10 percent in June from -8 percent in May.

At 7.00 am ET, Turkey's central bank announces its interest rate decision. The bank is widely expected to keep its 1-week repo rate unchanged at 7.50 percent.

At 8.00 am ET, Hungary's central bank publishes the outcome of the monetary council meeting. Economists forecast the bank to hold its base rate at 0.90 percent.

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