Tuesday, Eurozone CPI and German unemployment are the major statistical reports due for the day.

At 2.00am ET, the Destatis is set to issue German ILO unemployment data for February. The jobless rate is seen at 7.4% in February, up from 7.3% last month.

At 2.45am ET, the French housing starts report is due. In three months to January, housing starts and housing permits had fallen 20.2% and 9.1%, respectively.

Afterwards, at 3.00am ET, the National Institute of Economic Research is scheduled to publish the results of monthly Swedish consumer and economic tendency survey. Consumer confidence in March is predicted to rise to minus 13.8 from minus 14.6 in February.

At 3.30 am ET, fourth quarter GDP data is due from Turkey and Denmark. In the meantime, Hungarian as well as Spanish current account reports are also expected.

The Labor Ministry is slated to release German unemployment for March at 3.55am ET. The jobless rate is forecast to rise to 8% in March from 7.9% in February. In March, the number of unemployed is expected to increase 52,000 in March compared to 40,000 in the prior month.

At 4.00am ET, the Italian statistical office is scheduled to release retail sales for January. After falling 1.9% in December, retail sales are forecast to drop 1% in January.

At 5.00am ET, Eurozone and Italian CPI reports are due. Eurozone CPI inflation is expected to slow to 0.7 % in March from 1.2% in February. Meanwhile, EU harmonized annual inflation in Italy is seen at 1.1% in March, down from 1.5% last month.

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