European Economics Preview

Flash inflation and retail sales from euro area are due on Tuesday, headlining a light day for the European economic news.

At 2.30 am ET, Swiss consumer price figures for December are due. Consumer prices are forecast to remain flat on a monthly basis, following a 0.1 percent fall in November. At 3.00 am ET, the Hungarian Central Statistical Office releases retail sales for November. Sales are expected to grow 5.8 percent on year, slower than the 6.2 percent increase logged in October.

At 3.30 am ET, IHS Markit is slated to release Germany's construction PMI data for December.

At 4.00 am ET, consumer price data from Poland is due. Economists forecast inflation to accelerate to 2.9 percent in December from 2.6 percent in November.

At 5.00 am ET, Eurostat is scheduled to publish euro area flash consumer prices and retail sales figures. Inflation is expected to rise to 1.3 percent in December from 1 percent in November.

Retail sales in the currency bloc are expected to grow 0.6 percent on month in November after falling 0.6 percent in October.

In the meantime, Italy's Istat releases consumer price data for December. Economists forecast inflation to rise to 0.6 percent from 0.2 percent in November.

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