European Economic News Preview: Germany Producer Price Data Due
(RTTNews) - Producer prices from Germany and current account from the euro area are the top economic news due on Tuesday.
At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for May. Economists forecast producer price inflation to ease to 1.7 percent from 4.1 percent in April.
At 4.00 am ET, the European Central Bank releases euro area current account data for April. The current account surplus is forecast to fall to EUR 30.1 billion from EUR 31.2 billion in March.
At 5.00 am ET, construction output data is due from Eurozone. Economists expect construction output to remain flat in April after easing 2.4 percent in March.
At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is widely expected to hold base rate at 13.00 percent.
Dollar Extends Losses As Markets Cling On To Fed Cut Hopes
U.S. Homebuilder Confidence Edges Slightly Lower In August
Indian Rupee Rises To 2-week High On GST Reforms Push
Canadian Market May Open Slightly Weak
FTSE 100 Slips After Positive Start, Down Marginally
DAX Drifts Lower; Financials Stocks Among Major Losers
DAX Down In Negative Territory In Cautious Trade
