European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing managers' survey from euro area and public sector finance data from the UK are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, foreign trade from Switzerland and unemployment from Finland are due.

At 2.45 am ET, the French statistical office Insee publishes final inflation figures for January. Inflation is seen at 1.4 percent, unchanged from flash estimate.

At 3.00 am ET, Markit releases preliminary French PMI data. The manufacturing PMI is seen falling to 53.5 in February from 53.6 in January. Likewise, the services PMI is forecast to drop to 53.9 from 54.1 a month ago.

At 3.30 am ET, Germany's flash PMI results are due. Economists forecast the factory PMI to drop to 56 in February from 56.4 in January. Meanwhile, the services index is expected to improve to 53.6 from 53.4 in the prior month.

At 4.00 am ET, Markit publishes Eurozone flash PMI data. The composite PMI is expected to drop to 54.3 in February from 54.4 in January.

At 4.30 am ET, the Office for National Statistics is set to issue public sector finance data for January. The UK budget balance is forecast to show a deficit of GBP 14 billion versus a surplus of GBP 6.9 billion in December.

Bank of England Governor Mark Carney is set to speak at the parliament at 5.00 am ET.