Economic confidence survey data from Eurozone is the major data due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, Switzerland’s UBS consumption indicator for December is due. The indicator fell to 1.23 in November from 1.30 in October.
The Swiss KOF leading index is due at 3.00 am ET. The index is seen at 1.2 in January, compared to 1.28 in December.
In the meantime, Spain’s statistical office is slated to release preliminary GDP figures for the fourth quarter. According to quarterly bulletin of Bank of Spain, GDP dropped 0.6 percent sequentially in the fourth quarter. At 3.15 am ET, the National Institute of Economic Research is set to issue Sweden’s economic tendency survey results. The corresponding index is forecast to rise to 91 in January from 89.6 in December.
Statistics Norway is scheduled to publish unemployment figures at 4.00 am ET. The jobless rate is seen at 3.2 percent.
Half an hour later, the Bank of England is set to release mortgage approvals and money supply reports. The number of mortgage approvals is seen at 54,500 in December compared to 54,000 in November.
Eurozone economic confidence data is due from the European Commission at 5.00 am ET. The economic sentiment index is seen at 88.2 in January, up from 87 in December.
by RTT Staff Writer
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