European Economics Preview: Eurozone Current Account Data Due
Current account figures from Eurozone and producer prices from Germany are the major statistical reports due on Monday.
At 2.00 am ET, the Federal Statistical Office is slated to release German producer prices for May. Producer price annual inflation is seen at 6.3 percent, down slightly from 6.4 percent in April.
The European Central Bank is slated to issue current account figures for April at 4.00 am ET. The Eurozone current account showed a deficit of EUR 4.7 billion in March.
In the meantime, Italy's industrial order data is due. Industrial orders are forecast to fall 4 percent month-on-month in April, after rising 8.1 percent in March.
Eurozone labor cost figures are due at 5.00 am ET. Economists expect labor costs to rise 1.9 percent annually, following last month's 1.6 percent increase.
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