European Economic News Preview: Eurozone Flash Inflation Data Due
Flash inflation from the euro area is the only major report due
on Tuesday, headlining a light day for the European economic
news.
At 3.00 am ET, unemployment data is due from Spain. The number
of people out of work is forecast to decline 50,900 in June after
decreasing 58,700 in May.
At 3.30 am ET, European Central Bank board member Luis de
Guindos is set to speak at the ECB Forum on Central Banking 2024 in
Sintra, Portugal.
At 4.00 am ET, Italy's statistical office ISTAT is scheduled to
publish unemployment data for May. The jobless rate is forecast to
remain unchanged at 6.9 percent.
At 4.30 am ET, ECB board member Frank Elderson speaks at the ECB
Forum on Central Banking 2024.
At 5.00 am ET, Eurostat is slated to issue euro area flash
inflation figures for June. Overall inflation is expected to ease
to 2.5 percent from 2.6 percent in May and the core rate is seen at
2.8 percent, down from 2.9 percent a month ago.
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