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Tuesday, major economic reports due for the day include consumer price inflation from the United Kingdom and Germany's economic sentiment.
At 2:00 am ET, Hungary's Central Statistical Office is scheduled to release wage statistics for November. Average gross wages are expected to fall 1% year-on-year in November, slowing from the 1.6% decline in October.
Producer price inflation data for November is due from Statistics Austria at 3:30 am ET. The producer price index had dropped 3.3% annually in October.
At 4:30 am ET, the U.K.'s Office for National Statistics is slated to issue consumer price inflation figures for December. Year-on-year, consumer prices are tipped to rise 2.6% in December, accelerating from the 1.9% growth in the preceding month. The monthly inflation rate is seen at 0.3%. Retail price annual inflation is seen at 2.1%.
Afterwards at 5:00 am ET, the Centre for European Economic Research or ZEW is expected to release economic sentiment survey results for Germany. The economic sentiment indicator for Germany is seen at 50 in January, down from 50.4 in the previous month. The current conditions index is expected to rise to minus 56.2 from minus 60.6. Meanwhile, the economic sentiment indicator for the Eurozone is seen at 48 in January, unchanged from November.
Finally at 8:00 am ET, wage growth data is due from the Polish statistical office. Wages are expected to rise 3.1% on a yearly basis in December, adding to the 2.3% gain in the prior month.
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