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Unemployment from the UK and industrial production from euro area are due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer prices for November. Germany's inflation is seen at 1.8 percent, in line with preliminary estimate. In the meantime, Wholesale price data is also due.
At 3.55 am ET, Iceland's central bank announces its interest decision.
At 4.00 am ET, Italy's industrial output data for October is due. Economists forecast production to climb 0.7 percent in October, reversing a 1.3 percent drop in September.
At 4.30 am ET, the Office for National Statistics releases UK unemployment data. The ILO jobless rate is seen falling to 4.2 percent in three months to October from 4.3 percent in three months to September.
At 5.00 am ET. Eurostat publishes euro area industrial production for October. Economists forecast industrial output to remain flat on month after falling 0.6 percent in September.