09.10.201801:03:00UTC+00European Economics Preview: Germany's Foreign Trade Data Due

Foreign trade data from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's external trade figures. Exports are forecast to grow 0.4 percent on month and import to climb 0.1 percent in August. The trade surplus is seen at EUR 16.2 billion versus EUR 16.5 billion in July.

At 3.00 am ET, Czech consumer prices and foreign trade reports are due. Inflation is seen unchanged at 2.5 percent in September.

In the meantime, the Hungarian Central Statistical Office is scheduled to issue consumer and foreign trade data. Economists forecast inflation to rise to 3.5 percent in September from 3.4 percent in August.

At 4.30 am ET, the Bank of England is set to release Financial Policy Committee statement for the meeting held on October 3.