Wednesday, a slew of reports are due from the Euro area. Among them, Eurozone economic sentiment survey is expected to dominate the newsflow.

At 3.00am ET, Spanish retail sales and Hungarian PPI are due. Retail sales had declined 11.7% annually in February, while Hungarian producer price annual inflation stood at 8%.

At 3.15am ET, Sweden's National Institute of Economic Research is set to release monthly economic tendency survey results. The economic tendency index is seen at 71.8 in April, up from 70.1 last month.

At 4.00am ET, both Eurozone M3 money supply and Italian hourly wages are expected. Following a 5.9% annual growth in February, M3 money supply is forecast to rise 5.7% in March. Meanwhile, Italian hourly wages growth is predicted to remain stable at 3.5% in March.

At the same time, the Statistics Norway is scheduled to issue unemployment details for January to March period. The jobless rate is seen at 3.2%.

Thereafter, the European Commission is slated to provide the results of business and economic sentiment surveys at 5.00am ET. The business sentiment is forecast to improve to minus 3.53 in April from minus 3.58 in March. Meanwhile, economic sentiment is expected to rise to 65.6 from 64.6 and consumer sentiment to rise to minus 33 from minus 34.

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