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Financial News: European Economics Preview: Germany's ZEW Economic Confide

European Economics Preview: Germany's ZEW Economic Confidence Data Due

08/22/2017 - 00:52:00 (RTTNews)

(RTTNews) - Economic confidence from Germany and public sector finance from the UK are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Switzerland's foreign trade data for July is due. The trade surplus totaled CHF 2.8 billion in June. In the meantime, Statistics Finland releases unemployment data for July.

At 4.30 am ET, the Office for National Statistics is slated to issue UK public sector finance data. The budget deficit is forecast to narrow to GBP 1 billion in July from GBP 6.9 billion in June.

At 5.00 am ET, Germany's ZEW economic confidence survey results are due. The economic confidence index is seen at 15 in August versus 17.5 in July.

At 6.00 am ET, the Confederation of British Industry is scheduled to release Industrial Trends survey data. The order book balance is forecast to fall to 8 percent in August from 10 percent in July.

At 8.00 am ET, Hungary's central bank is set to announce the outcome of its monetary policy meeting. Economists expect the bank to hold its key rate at 0.90 percent.

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