European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey data from euro area is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Switzerland's foreign trade data is due for July. The trade surplus totaled CHF 3.55 billion in June.

At 3.00 am ET, Markit releases France's PMI results. The manufacturing PMI is forecast to rise to 48.8 in August from 48.6 in July. The services PMI is seen unchanged at 50.5.

In the meantime, consumer confidence survey results are due from Turkey. The reading is seen easing to 66.5 in August from 67 in July.

At 3.30 am ET, Germany's PMI survey results are due. Economists forecast the factory PMI to fall to 53.6 in August from 53.8 in July. The services PMI is expected to drop to 54.3 from 54.4 a month ago.

At 4.00 am ET, Eurozone composite PMI data is due. The composite indicator is forecast to fall marginally to 53.1 in August from 53.2 in July.

At 6.00 am ET, the Confederation of British Industry is scheduled to issue Industrial Trends survey data for August. The industrial order balance is expected to fall to -10 percent in August from -4 percent in July.

At 7.00 am ET, Turkey's central bank is set to announce its interest rate decision. Economists forecast the bank to keep its key 1-week repo rate unchanged at 7.50 percent.

At 8.00 am ET, Hungary's central bank is scheduled to publish the results of monetary policy meeting. The bank is widely expected to retain its base rate at 0.90 percent.