RTTNews - Tuesday, UK's consumer prices and German economic sentiment survey are expected to dominate the newsflow from European economies.

At 3.30am ET, Swedish industrial capacity utilization details for the second quarter is due. The industrial inventories data is also slated at the same time.

At 4.30am ET, the Office for National Statistics is set to release the UK consumer prices data for July. Annual inflation is forecast to slow to 1.5% in July from 1.8% recorded in June. Annual inflation in June had dropped below the central bank's target of 2% for the first time since September 2007.

Meanwhile,UK retail prices are expected to drop 1.7% year-on-year in July compared to a 1.6% drop in June. On a monthly basis, the decline is seen at 0.2%.

The ZEW Center for European Economic Research is slated to release monthly economic sentiment survey results at 5.00amET. German economic sentiment is forecast to rise to 45 in August from 39.5 in July, while the current situation is seen at minus 85 versus minus 89.3 last month.

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