Flash consumer prices, household spending and revised quarterly national accounts figures from France are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, foreign trade data from Turkey and credit growth from Norway are due. Turkey's trade deficit is seen narrowing to $4.15 billion in January from $5.6 billion in December.

At 2.45 am ET, the French statistical office Insee is slated to issue flash consumer prices, producer prices, household spending and revised GDP reports.

France's inflation is forecast to rise to 1.5 percent in February from 1.3 percent in January. Consumer spending is forecast to grow 0.6 percent on month in January, reversing a 0.8 percent fall in December.

According to preliminary estimate, the economy had expanded 0.4 percent sequentially in the fourth quarter. The Insee is expected to confirm the preliminary estimate.

At 3.00 am ET, producer prices from the Czech Republic and Hungary are due. The Swiss KOF leading indicator figure is also due. The Czech producer prices are forecast to grow 1.5 percent annually in January.

At 3.30 am ET, Statistics Sweden publishes GDP, retail sales and producer prices reports. The economy is forecast to grow 2.3 percent annually in the fourth quarter, following a 2.8 percent expansion in the third quarter.

At 5.00 am ET, Italy's preliminary CPI figures are due. Inflation is forecast to rise to 1.3 percent in February from 1 percent in January.

At 8.00 am ET, Hungary's central bank is set to announce its interest rate decision. The bank is expected to keep its base rate at 0.9 percent.

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