Industrial production from the U.K. is the major economic data due on Wednesday. Elsewhere, European Central Bank President Mario Draghi is set to deliver a speech in Frankfurt.
At 3.00 am ET, Sweden’s AMV jobless data for February is due. The unemployment rate is forecast to fall marginally to 4.3 percent from 4.4 percent in January.
At 3.45 am ET, the French current account for January is due. The current account deficit totaled EUR 1.9 billion in December.
At 4.00 am ET, ECB Chief Draghi and Board Member Peter Praet are set to speak at an event organized by Center for Financial Studies in Frankfurt, Germany.
Trade data from Hungary and current account report from Turkey are due at 4.00 am ET. Hungary’s trade surplus is expected to rise to EUR 450 million in January from EUR 344.7 million in December. The Turkish current account surplus is seen at $2.75 billion compared to $6.82 billion a month ago.
At 4.30 am ET, Statistics Sweden is slated to release consumer prices for February. Consumer prices are forecast to remain flat on a yearly basis in February following a 0.2 percent fall in January.
The Office for National Statistics is scheduled to publish U.K. industrial output for January at 5.30 am ET. Industrial output is expected to rise 0.2 percent month-on-month in January, reversing a 0.2 percent fall in December.
At 7.00 am ET, Portugal’s consumer prices are due. Economists forecast prices to drop 0.2 percent year-on-year in February, slower than January’s 0.4 percent fall.
In the meantime, the Bank of England is scheduled to release an annual report on supervision of financial markets infrastructures. It is slated to release quarterly bulletin at 8.05 pm ET.
The National Institute of Economic and Social Research is set to publish its U.K. GDP estimates for February at 11.00 am ET.
The material has been provided by InstaForex Company – www.instaforex.com