Social assistance and the final Purchasing managers ‘ survey results from eurozone are due on Wednesday, headlining a day for European economic news.
At 1: 45 am ET, the Federal Statistical office releases are Swiss GDP data for the first quarter. The the economy it is intended for a contract of 2% sequentially after an increase of 0.3% in the fourth quarter.
At 3: 00 AND, consumer and producer price data from You, it is due. Inflation is expected to increase by 11 percent in May, up from 10.94% at the end of the month of April.
At 3.15 am ET, the IHS Markit publishes Italy’s services PMI. The index is expected to rise to 25.0 in May from 7.1 in the month of April.
At 3: 45 pm ET, Italy’s services PMI data is due. Economists forecast the indicator to rise to 26.5 in September, from 10.8 in may.
Thereafter, final composite PMI results are due from France and Germany at 3.50 am on 3.55 and h, respectively.
At 3.55 am ET, Germany’s unemployment data is due. The number of unemployed is expected to increase to 200 000 in May compared to April.
At 4: 00 in the morning AND, IHS Markit is scheduled to issue euro composite PMI for the zone data. The final reading is the one of the to 30.5 in May, unchanged from the flash estimate and above last April, a record-low 13.6.
In the meantime, Italy’s Istat releases April unemployment data. The unemployment rate is expected to rise to 9.5 percent, from 8.4% in March.
At 4.30 am ET, the u.k. Markit/CIPS composite PMI survey results are due. The final score is seen at 28.9 in September, in line with the flash estimate, compared to 13.8 at the end of the month of April.
At 5: 00 am, Eurostat publishes the euro area, the unemployment data and the producer price. Economists expect the unemployment rate to advance to 8.2 percent in April, from 7.4% in March.
At 7.00 am ET, Poland’s central bank announces its rate decision.
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