Quarterly national accounts, flash inflation and unemployment figures from the euro area are due on Wednesday, headlining a busy day for the European economic news.
At 2.00 am ET, the Nationwide Building Society is slated to issue UK house price data for July. Economists forecast house prices to rise 0.1 percent annually after climbing 0.5 percent in June.
In the meantime, retail sales and unemployment reports are due from Germany. Economists forecast retail sales to grow 0.6 percent on year in June, slower than the 4 percent increase in May.
At 2.45 am ET, France's Insee releases flash inflation data for July. Inflation is expected to remain unchanged at 1.2 percent.
At 3.00 am ET, GDP from Spain and foreign trade from Turkey are due.
At 3.55 am ET, the Federal Labor Agency is scheduled to issue Germany's unemployment figures. The jobless rate is seen unchanged at 5 percent in July.
At 4.00 am ET, Italy's unemployment figures are due. The jobless rate is expected to rise slightly to 10 percent in June from 9.9 percent in May.
At 5.00 am ET, Eurostat publishes Eurozone GDP, inflation and unemployment figures for the second quarter. The economy is forecast to grow 0.2 percent on quarter, slower than the 0.4 percent expansion in the first quarter.
Flash inflation is expected to ease slightly to 1.1 percent in July from 1.2 percent in June. Economists forecast euro area jobless rate to remain unchanged at 7.5 percent in June.
At 6.00 am ET, Italy's Istat releases GDP data for the second quarter. GDP is expected to drop 0.1 percent on quarter, reversing a 0.1 percent rise in the first quarter.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2140694/
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