Eurozone producer prices and U.K. construction purchasing managers' index, or PMI, are some of the notable economic data scheduled for release on Tuesday.
At 5 am ET, Eurostat is scheduled to release its producer prices report for the eurozone. Producer prices are forecast to drop 1.1 percent year-over-year in July following the 0.8 percent fall in June. On a month-over-month basis, producer prices are estimated to decline 0.1 percent, reversing the 0.1 percent increase in June.
At 1:45 am ET, Switzerland's State Secretariat for Economic Affairs is due to release its gross domestic product, or GDP, report. GDP is expected to grow 1.6 percent year-over-year in the second quarter following the 2 percent increase in the first quarter. On a sequential basis, GDP growth is estimated to remain stable at 0.5 percent.
At 3 am ET, the Hungarian Central Statistical Office is scheduled to release its final trade balance report for June. Preliminary estimates had pitched the trade surplus at EUR 60.7 million.
Around the same time, Romania's National Institute of Statistics will release its producer prices report for July. In June, producer prices had risen 0.3 percent year-over-year but fell 0.3 percent month-over-month.
At 3:30 am ET, Statistics Sweden is due to release its current account balance report for the second quarter. In the first quarter, the current account surplus was at SEK 61.4 billion.
At 4:30 am ET, Markit Economics and the Chartered Institute of Purchasing & Supply will release the result of their construction activity survey for the U.K. The Markit/CIPS construction PMI is expected to fall to 61.5 in August from 62.4 in July.
At 9 am ET, the National Bank of Belgium will release its final GDP report for the second quarter. Preliminary estimate had called for 0.1 percent quarter-over-quarter GDP growth for the second quarter.
At 5:30 am ET, Italy's foreign affairs minister Federica Mogherini is scheduled to speak to European Union's Parliament Panel.
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