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European Economics Preview: Eurozone M3 Money Supply Data Due

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Eurozone M3 money supply and current account data from Spain are due on Wednesday, headlining a light day for European economic news.

Current account figures for October are due from the Bank of Spain at 3:30 am ET. A current account deficit of EUR 4.4 billion was recorded in September.

At 4:00 am ET, the European Central Bank is slated to issue money supply data for the Eurozone. Year-on-year, M3 money supply is forecast to rise 0.4% adding to the 0.3% gain in the preceding month.

Thereafter at 5:00 am ET, producer price data is due from the Italian statistical office ISTAT. The producer price index is expected to fall 3.5% annually in November, slower than the 5.3% decrease in the preceding month. The monthly producer price inflation rate is seen at 0.3%.

Finally, the KOF Institute is expected to release its leading indicator for the Swiss economy at 5:30 am ET. The leading index is seen at 1.73 in December, up from 1.62 in November.

Eurozone M3 money supply and current account data from Spain are due on Wednesday, headlining a light day for European economic news. (Market News Provided by RTTNews)

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