RTTNews - Wednesday, some key statistical data releases are due from European economies.
At 1.45 a.m. ET, Switzerland's State Secretariat for Economic Affairs or SECO is likely to issue labor market report for June. Economists forecast the seasonally adjusted jobless rate to rise to 3.6% in June from 3.5% in May. Meanwhile, the unadjusted rate of unemployment is forecast to rise to 3.5% from 3.4%.
Fifteen minutes later, the Statistics Finland would be revealing trend indicator of output for the month of April.
At the same time, a report on insolvencies for the month of April is due from the German statistical office Destatis.
The Bank of France is expected to announce its business sentiment index for the month of June at 2.30 a.m. ET. The reading is projected to rise to 84 in June from 81 in May.
The Eurostat is likely to confirm euro area's economic contraction in the first quarter at 5.00 a.m. ET. According to a preliminary report released on June 3, gross domestic product fell 2.5% quarter-on-quarter in the first three months of the year. On an annual basis, the fall was 4.8%.
Germany's Federal Ministry of Economics and Technology would be announcing industrial production data for the month of May. Economists foresee a monthly increase of 0.5% in output in May following a fall of 1.9% in April. Compared to the previous year, industrial production is forecast to fall 20%.
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