The day starts with a speech from ECB board member Tumpel-Gugerell, once again scheduled to speak in Nice.

In terms of data releases, the Bank of France's business sentiment indicator is the first release for the day. Economists anticipate the indicator to remain stable at 92 in August.

Shortly afterwards, the National Institute for Statistics and Economic Studies (INSEE) will publish its consumer price index data for France. France's consumer price index for August is expected to rise 0.1% month-over-month, an increase from the previous month's -0.2% result.

Economists are expecting the French-EU harmonized CPI growth rate to grow 3.7% year-over- year in August after rising 4.0% in July. On a monthly basis, the price index is expected to rise 0.1% following last month's 0.3% decline.

Following the French report, seasonally adjusted Italian industrial production is expected to fall 0.5% month-over-month in July, a drop from the prior 0.1% result.

Next up is euro zone industrial production. Following last month's -0.8% downwardly revised figure, July is expected to see a further 1.0% contraction in annualized terms. Meanwhile, production levels are expected to have fallen 0.2% month-over-month in July, mirroring the 0.2% fall seen in the downward revision.

Towards the end of the day, Bank of England Executive Director Paul Tucker will be speaking at the Money Macroeconomics and Finance Research Group Annual Conference 2008 at Birkbeck College.

All times in EDT:

1:30 EU ECB's Tumpel-Gugerell Speaks in Nice

2:30 FR Bank of France Business Sentiment August Exp: +92 Prior:+92

2:45 FR Consumer Price Index (M/M) August Exp: +0.1% Prior: -0.2%

2:45 FR Consumer Price Index (Y/Y) August Exp: +3.3% Prior: +3.6%

2:45 FR CPI - EU Harmonised (M/M) August Exp: +0.1% Prior: -0.3%

2:45 FR CPI - EU Harmonised (Y/Y) August Exp: +3.7% Prior: +4.0%

2:45 FR CPI Ex Tobacco Index August Exp: +118.81 Prior: +118.69

4:00 IT Industrial Production (M/M) (SA) July Exp: -0.5% Prior: +0.1%

4:00 IT Industrial Production (Y/Y) (WDA) July Exp: -2.7% Prior: -1.8%

4:00 IT Industrial Production (Y/Y) (NSA) July Prior: -4.4%

5:00 EU Euro zone Employment (Q/Q) Q2 Prior: +0.3%

5:00 EU Euro zone Employment (Y/Y) Q2 Prior: +1.6%

5:00 EU Euro-Zone Industrial Production (M/M) (SA) July Exp: -0.2% Prior: 0.0% Revised: -0.2

5:00 EU Euro-Zone Industrial Production (Y/Y) (WDA) July Exp: -1.0% Prior: -0.5% Revised: -0.8

6:00 IE Irish Statistics Office Publishes July Retail Sales Index

6:30 GB BOE's Tucker Makes Speech

By Steve Stecyk, This email address is being protected from spam bots, you need Javascript enabled to view it , edited by Megan Ainscow, This email address is being protected from spam bots, you need Javascript enabled to view it

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