RTTNews - Wednesday, Eurozone national accounts data for the first quarter is due. In addition, services PMI survey results from major Eurozone economies are also expected.

The release of the services Purchasing Managers' Index reports for major Eurozone economies is set to start at 3.50am ET. The first one to hit the wires is French services PMI. The index is seen at 47.6 in May, up from 46.5 in April.

The Statistics Norway is slated to release quarterly balance of payments at 4.00am ET. In the fourth quarter, the current account balance had showed a surplus of NOK 123 billion.

At 4.30am ET, the HM Treasury is scheduled to issue UK's official reserves data for May. Official reserves totaled US$326 million in April.

At 5.00am ET, GDP estimates and producer prices from Eurozone are due from the Eurostat. The statistics agency is expected to confirm 2.5% sequential fall in Eurozone GDP and an annual 4.6% decline in the first quarter.

Meanwhile, euro area producer prices are forecast to drop 4.5% annually in April compared to a 3.1% fall in March. Month-on-month, decline in producer prices are seen at 0.8%.

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