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European Economics Preview: U.K. Mortgage Approvals Data Due

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Wednesday, major statistical reports due for the day are British mortgage approvals and producer prices from France.

At 2.45am ET, the French statistical office INSEE is set to issue producer prices for June. Annually, decline in producer prices is seen at 8.6%, larger than the 7.8% decrease reported in May. On a monthly basis, economists forecast 0.1% drop.

Thereafter, Hungarian PPI and unemployment details are due. Producer price annual inflation is expected to rise to 6.8% in June from 6.2% in May. Meanwhile, the jobless rate is forecast to stay at 9.8% in June.

At 3.30am ET, the Italian research institute ISAE is scheduled to issue the business sentiment report. The index is now predicted to rise to 70 in July from 69.3 in June.

Half an hour later, the ECB quarterly lending survey results are due.

At 4.30am ET, a slew of statistical reports are slated from the Bank of England. U.K.'s mortgage approvals in June is expected to rise to 47,000. At the same time, net consumer credit is forecast to rise GBP 0.3 billion. A final report for M4 money supply is also expected.

At 5.00am ET, the Statistics Iceland is expected to release CPI data for the month of July. Consumer prices are forecast to rise 0.6% month-on-month in July, following a 0.4% rise in June.

(Market News Provided by RTTNews)

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