RTTNews - German GDP and GfK consumer sentiment are the major reports due on Tuesday. In addition, the Eurozone industrial new orders data is also expected.

At 2.00am ET, the Federal Statistical Office is scheduled to issue a detailed report for the German first quarter GDP and foreign trade prices. The statistical office is expected to confirm a 3.8% sequential decline and 6.9% annual fall in the first quarter GDP. Meanwhile, import prices are forecast to drop 7.7% annually in April after decreasing 7.1% in March.

At the same time, the Swiss UBS consumption indicator is due. In the meantime, the Finnish labor force survey is also expected. The jobless rate had climbed to 8.3% in March from 7.6% in February.

At 2.10am ET, the market research group GfK is set to issue consumer confidence for June. German consumer sentiment is forecast to stay stable at 2.5 in June.

At 2.45am ET, the INSEE is slated to issue French consumer spending for the month of April. Consumer spending had increased 1.1% on a monthly basis in March.

Thereafter, the Swiss quarterly employment is expected at 3.15am ET. The employment level in the fourth quarter of 2008 was 3.963 million.

At 4.00am ET, Italian trade balance and Eurozone current account reports are due. The current account deficit in February totaled EUR 8.1 billion on a seasonally adjusted basis.

The European Union's statistical agency Eurostat is slated to issue industrial new orders for March at 5.00am ET. After falling 0.6% month-on-month in February, Eurozone new orders are forecast to rise 1%.

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