After a light start to the week on Monday, U.K. house prices and eurozone money supply are some of the important economic data scheduled for release on Tuesday.
Markit Economics is due to release its service sector activity report for Russia at 1 am ET. The services PMI is expected to edge down to 44 in December from 44.5 in November.
At 2 am ET, Nationwide is scheduled to release its house prices report for the U.K. House prices are expected to grow 7.2 percent year-over-year in December following the 8.5 percent rise in November. On a month-over-month basis, house prices are estimated to increase 0.2 percent after the 0.3 percent rise in the previous month.
AT 3 am ET, Spanish statistical institute INE is due to release its preliminary consumer prices and retail sales reports. Consumer prices are expected to fall 0.7 percent year-over-year in December after the 0.4 percent decline in November. The harmonised index of consumer prices, or HICP, is also forecast to drop 0.7 percent after the 0.5 percent fall in November.
Spanish retail sales are expected to grow 0.8 percent in November, slower than the 1 percent rise in October.
Around the same time, Turkey's statistical office will release its consumer confidence data for December. In November, the consumer confidence index was at 68.7.
At 3:30 am ET, Statistics Sweden is due to release its trade balance report for November. In October, the trade deficit was at SEK 0.2 billion.
At 4 am ET, the European Central Bank will release its money supply data. M3 money supply is expected to rise 2.6 percent year-over-year in November after the 2.5 percent increase in October.
Around the same time, Italy's ISTAT is due to release its business confidence report for December and producer prices report for November. The business confidence index is forecast to edge up to 96.7 in December from 96.3 in November. In October, producer prices had dropped 1.6 percent year-over-year and were down 0.6 percent month-over-month.
At 8 am ET, the National Bank of Poland is due to release its current account balance report. The current account deficit is expected to widen to EUR 1.803 billion in the third quarter from EUR 0.553 billion in the previous quarter.
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