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A slew of statistical reports are due on Tuesday. Among them, industrial production reports from Germany and UK are expected to dominate the newsflow.
At 1.45am ET, Switzerland's employment data is due. The jobless rate is forecast to rise to 3.9% in August from 3.7% in July.
Thereafter, Germany's Federal Statistical Office is scheduled to issue the external trade data for July at 2.00am ET. The trade surplus is forecast to fall to EUR 11.3 billion from EUR 12.2 billion. Meanwhile, the current account surplus is seen at EUR 10 billion, down from EUR 13.3 billion in June.
At 3.00am ET, Spanish and Hungarian industrial output reports are due. Spanish industrial production is forecast to fall 16% year-on-year, while decline in Hungarian industrial output is seen at 18%.
At 4.30am ET, UK's Office for National Statistics is slated to issue industrial production. Economists forecast industrial output to grow 0.2% month-on-month in July, following a 0.5% growth in June. Manufacturing output is expected to rise 0.3% compared to June's 0.4% rise.
The German industrial output report is due from the Federal Ministry of Economics and Technology at 6.00am ET. After recording a monthly 0.1% fall in June, industrial output is expected to rise 1.6% in July.
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