A slew of statistical reports are due on Tuesday. Among them, the important ones are French business confidence and UK consumer prices.
At 3.00am ET, the Statistics Finland is scheduled to issue the labor force survey results for the month of February. In January, the jobless rate stood at 7%, up from 6.1% recorded in the previous month.
Thereafter, French consumer spending and business confidence are due from the statistical office INSEE. Business confidence is expected to stay at 68 in March. Meanwhile, consumer spending is forecast to fall 1% month-on-month in February, following a 1.8% rise in January.
At 4.00am ET, the Czech Statistical Office is set to issue retail sales for January. After declining 2.9% in December, economists expect retail sales to drop 4.4% in January.
The release of the composite Purchasing Managers' Index reports for major economies is set to start at 4.00am ET. The first one to hit the wire is Flash French PMI for March. Thereafter, flash PMI reports are due from Germany and Eurozone.
At 4.30am ET, the Swedish PPI report is due. Producer price annual inflation is expected to slow to 3.4% in February from 3.9% in January.
At 5.00am ET, the European Central Bank is scheduled to release the Eurozone current account details. The Eurozone current account balance had showed a seasonally adjusted deficit of EUR 7.3 billion in December.
In the meantime, Icelandic consumer price inflation for March is also expected. In February, annual inflation stood at 17.6%.
The Office for National Statistics or ONS is slated to release the UK consumer price data at 5.30am ET. Annual inflation is forecast to ease to 2.6% in February from 3% last month. Meanwhile, retail prices are expected to drop 0.7% annually, following a 0.1% rise in January.
At the same time, the British Bankers' Association is scheduled to report the number of loans approved for house purchase in February.
Afterwards, the Eurostat is set to issue Eurozone industrial new orders. Economists predict new orders to decline sharply by 28.4% year-on-year in January after decreasing 22.3% in December.
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