Consumer and producer prices from the U.K. and foreign trade from euro area are due on Tuesday, headlining a busy day for the European economic news.
Destatis is slated to publish final inflation data at 2.00 am ET. According to flash estimate, Germany’s harmonized inflation rose to 2.1 percent in December from 1.9 percent in November.
At 3.00 am ET, inflation figures from Spain and Hungary are due. Spain’s final HICP inflation is seen at 3 percent in December, unchanged from flash estimate. At the same time, Hungary’s inflation is forecast to remain unchanged at 5.2 percent in December.
Spain’s government aims to raise between EUR 4.5 billion and EUR 5.5 billion from the issue of 12-month and 18-month treasury bills. Results are due at 3.30 am ET.
Italy’s final inflation data is due at 4.00 am ET. Economists forecast 2.6 percent HICP inflation for December, in line with flash estimate.
Also, Statistics Norway is scheduled to publish trade data for December. The trade surplus totaled NOK 31.9 billion in November.
Half an hour later, the Office for National Statistics is slated to release U.K. consumer prices and producer prices data. Consumer price inflation is seen unchanged at 2.7 percent in December.
U.K. output price inflation is forecast to accelerate to 2.4 percent in December from 2.2 percent in November. At the same time, input prices are expected to grow 0.4 percent.
At 5.00 am ET, Eurozone external trade figures are due. The trade surplus is seen at EUR 10 billion in November compared to EUR 10.2 billion in October.
by RTT Staff Writer
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