RTTNews - German Ifo business confidence and Swedish consumer sentiment are the major reports expected for the day.

At 2.00am ET, Germany's Federal Statistical Office is slated to issue foreign trade prices for July. Import prices are expected to decline 12.5% year-on-year in July, following a 11.3% fall in June. On a monthly basis, economists see a 0.8% drop.

Thereafter, Swedish consumer confidence survey results are due from the National Institute of Economic Research at 3.15am ET. Consumer confidence is forecast to rise to minus 0.4 in August from minus 3.7 in July.

At 3.30am ET, the Statistics Sweden is set to issue the trade balance for July. The trade surplus is forecast to drop to SEK 7.9 billion in July from SEK 17.3 billion in June.

The Munich-based Ifo Institute for Economic Research is set to issue monthly business sentiment survey at 4.00am ET. German business confidence is seen at 89 in August, up from 87.3 in July. While, expectations is forecast to rise to 92 from 90.4 and current assessment to climb to 86 from 84.3 in July.

In the meantime, the Norwegian jobless data is also due.

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