House price figures and purchasing managers’ survey results from the UK are the only major news due from Europe on Wednesday.
At 2 am ET, the Nationwide Building Society is scheduled to release the British house price data for the month of April.
Economists forecast the house price index to rise 1.3 percent year-on-year in April, following a 0.8 percent gain in the previous month. Month-on-month, the index is seen rising 0.3 percent.
At the same time, Markit Economics is due to publish April purchasing managers’ survey for the Irish manufacturing sector. The PMI pointed to a contraction in factory activity in March.
At 4.30 am ET, Markit is expected release the PMI figures for the British manufacturing sector. Economists expects the factory sector to contract again, albeit at a slower pace than in the previous month. The index is forecast to rise to 48.5 in April from 48.3 in March.
April unemployment data from Ireland is expected at 8 am ET. The jobless rate in the country stood unchanged at 14 percent in March.
European markets remained closed on Wednesday for Labor Day.
by RTT Staff Writer
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