RTTNews - Tuesday, among the major reports due for the day, Germany's external trade balance and industrial output are expected to dominate the scene.

At 2.00am ET, the German stat office Destatis is slated to release monthly external trade data. The trade surplus is forecast to fall to EUR 9.3 billion in April from EUR 11.3 billion in March. Meanwhile, the current account surplus is seen at EUR 10 billion, smaller than the EUR 10.2 billion in March.

Half an hour later, the French business confidence is due from the Bank of France. Economists forecast business sentiment to rise to 77 in May from 75 in April.

Thereafter, the French trade balance is due. After recording EUR 4.9 billion deficit in March, the trade deficit is expected to narrow to EUR 4.5 billion.

At 4.30am ET, the Department of Communities and Local Government or DCLG is set to issue house prices data. House prices in the U.K. is expected to decline 13.3% annually in April, following a 13.6% fall in March.

At 6.00am ET, the Federal Ministry of Economics and Technology is scheduled to issue the industrial production report for Germany. Annual decline in industrial production is seen at 20.5%. However, output is forecast to grow 0.3% on a monthly basis.

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