European Economics Preview: Eurozone Economic Sentiment Expected To Rise

At 2.00am ET, the Federal Statistical Office is slated to issue the German unemployment data at 2.00am ET. The ILO jobless rate is forecast to rise to 7.7% in April from 7.6% in March.

Thereafter, the Swiss trade balance is due from the Federal Customs Administration at 2.15am ET. The trade surplus in March stood at CHF 0.15 billion.

At 2.45am ET, French housing starts and permits data is due for three months to April. Housing starts and permits had declined 33.8% and 17.6%, respectively in three months to March.

At 3.30am ET, the Italian research institute ISAE is scheduled to release business confidence for May. Business sentiment is forecast to rise to 66.1 in May from 64.2 in April.

Afterwards, German unemployment details for the month of May are due from the German Labor Office at 3.55am ET. The unemployment change is seen at 64,000 versus 58,000 in April.

At 5.00am ET, the European Commission is set to issue monthly economic sentiment survey results. Eurozone economic sentiment is seen at 69 in May, up from 67.2 in April. Meanwhile, consumer confidence is expected to improve to minus 30 compared to minus 31 in April.

The Confederation of British Industry is slated to issue quarterly Distributive Trades survey at 6.00am ET.

For comments and feedback: contact editorial@rttnews.com