Wednesday, the only major report due for the day is German Ifo business confidence.

At 4.00am ET, the Czech Statistical Office is scheduled to issue business and consumer confidence for March. In February, the consumer confidence indicator dropped 1.7 points to 74.2 and business confidence declined to 73.7 from 76.9 in January.

In the meantime, the National Institute of Statistics is set to release the Spanish PPI report for February. Producer prices are forecast to fall 0.8% annually in February compared to a 0.6% fall in January.

Thereafter, Italian consumer confidence survey results are due from the research institute ISAE at 4.30am ET. Consumer confidence is seen at 103 in March, down from 104.1 last month.

At 5.00am ET, the Munich-based Ifo Institute for Economic Research is slated to issue a monthly German business confidence survey for March. Business confidence is expected to fall to a historical low of 82.2 in March from 82.6 last month. The current conditions index is seen at 82.5 compared to 84.3 in February.

At the same time, Norwegian unemployment is due from the Statistics Norway. The jobless rate is expected to rise to 3.2% during December to February.

Afterwards, a quarterly Distributive Trades survey is expected from the Confederation of British Industry at 7.00am ET.

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