European Economics Preview: Eurozone Final PMI, Retail Sales Data Due

Final composite Purchasing Managers' survey and retail sales data from euro area and factory orders from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders figures. Orders are forecast to rise 0.5 percent on month in September, reversing a 0.6 percent drop in August.

At 3.00 am ET, Spain's INE releases industrial output report for September. Economists forecast industrial output to grow 1.6 percent on year after rising 1.7 percent in August.

In the meantime, industrial output and foreign trade from Czech Republic and retail sales from Hungary are due. Production is expected to advance 4.5 percent annually in September, reversing a 3.8 percent fall in August.

At 3.45 am ET, IHS Markit releases Italy's composite PMI for October. Economists forecast the index to fall to 50.2 from 50.6 in September.

Thereafter final PMI reports are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 3.55 am ET, Iceland's central bank announces its rate decision.

At 5.00 am ET, Eurostat is slated to issue euro area retail sales for September. Sales are forecast to remain flat after rising 0.3 percent in August.

At 8.00 am ET, interest rate announcements from Poland and Romania are due. Poland is expected to hold rate at 1.50 percent and Romania to maintain its key rate at 2.50 percent.

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