RTTNews - Tuesday, major statistical reports due for the day are Switzerland GDP and UK mortgage approvals.
At 1.45am ET, Switzerland's State Secretariat for Economic Affairs or SECO is set to release the second quarter GDP data. The economy is forecast to shrink 3% in the second quarter compared to first quarter's 2.4% decline. Sequentially, the decline is seen at 1%.
At 2.00am ET, the German labor market statistics and retail turnover reports are due. German retail sales are forecast to rise 0.7% month-on-month in July following a 1.3% fall in June.
At 3.30am ET, the Italian research institute ISAE is scheduled to issue business confidence for August. Economists forecast business sentiment to rise to 73 in August from 71.7 in July.
The Purchasing Managers' Index reports are also due today. The Switzerland's SVME PMI, due at 3.30am ET, is seen at 46.9 in August compared to 44.3 in July. Thereafter, final PMI reports are due from France, Germany, Eurozone and the preliminary report for the UK.
Thereafter, the German unemployment data is due at 3.55am ET. The jobless rate is forecast to rise to 8.4% in August from 8.3% in July.
At 4.30am ET, UK mortgage approvals details are due. The number of mortgage approvals in July is seen at 50,100 in July compared to 47,600 in June.
At 5.00am ET, the European Union statistics office in Luxembourg is expected to issue Eurozone unemployment and producer prices for July. The unemployment rate is seen at 9.5% in July, up from 9.4% in June. While, producer prices are expected to decline 8.4% year-on-year in July compared to a 6.6% fall in June.
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