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(CEP News) - On Tuesday, markets will receive important data with the release of German, European and UK PMI. The euro zone PPI report for March will also be released.
The final print for German PMI services is expected remain unchanged at 54.6. The final print of the euro zone PMI services is also expected to remain unchanged at a level of 51.8. Economists forecast the PMI composite to also remain steady at 51.9. Also from Europe is the PPI data for March, which is expected to rise 0.7% following February's rise of 0.6%. The consensus for the annualized rate is for a rise of 5.6% following February's increase of 5.3%. In the UK, PMI services for April are expected to come in at a level of 51.7, down from March's reading of 52.1. Finally, markets will also receive UK nationwide consumer confidence, which is expected to come in at 74.0, down from March's reading of 77.0 All times in EDT. Tuesday 2:45 EU ECB's Ordonez speaks at ADB Meeting in Madrid 4:00 EU German PMI Services April Final Exp: 54.6 Prior: 54.6 4:00 EU PMI Services April Final Exp: 51.8 Prior: 51.8 4:00 EU PMI Composite April Final Exp: 51.9 Prior: 51.9 4:15 EU Bank of Spain's Malo de Molina speaks in Madrid 4:30 UK PMI Services April Exp: 51.7 Prior: 52.1 4:30 UK Official Reserves (Changes) April Prior: $45M 5:00 EU Euro-Zone PPI (Monthly) March Exp: +0.7% Prior: +0.6% 5:00 EU Euro-Zone PPI (Annualized) March Exp: +5.6% Prior: +5.3% 9:30 EU European Parliament Committee votes on Breaking Up Power Companies 13:30 EU ECB's Tumpel-Gugerell Holds speech in Brussels 19:01 UK Nationwide Consumer Confidence April Exp: 74 Prior: 77 By Neils Christensen,
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, edited by Stephen Huebl,
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