RTTNews - Monday, German GfK consumer confidence and Eurozone M3 money supply reports are expected to dominate the newsflow from European economies.
At 2.00am ET, the Federal Statistical Office is slated to release German June import prices details. Import prices are forecast to rise 0.7% in June from the prior month, after staying flat in May.
Thereafter, the GfK consumer confidence survey results are due at 2.10am ET. German consumer sentiment is seen at at 2.9 in August, the same as in July.
At 3.00am ET, the Czech Statistical Office is set to issue consumer and business confidence survey for July. Business confidence reading was 77 and consumer confidence reading was 84.9 in June.
Half an hour later, the Swedish trade balance is due from the Statistics Sweden. The trade surplus in May was SEK 9.5 billion.
At 4.00am ET, the Eurozone M3 money supply is expected. Economists see a 3.9% annual growth in M3 money supply in June, following a 3.7% increase in May.
At 8.00am ET, the Hungarian central bank is set to announce its interest rate decision. The central bank is widely expected to cut the base rate to 9% from 9.5%.
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