Revised quarterly national accounts from Germany is due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to publish Germany's revised GDP data. According to preliminary estimate, the economy grew 0.4 percent sequentially in the second quarter.

In the meantime, Swiss UBS consumption indicator for July is due. The index stood at 1.34 in June.

At 3.00 am ET, the Czech Statistical Office is set to publish business confidence survey results for August.

At 4.00 am ET, unemployment data from Norway is due. The jobless rate is expected to remain unchanged at 4.7 percent in June.

At 4.30 am ET, British Bankers' Association releases U.K. mortgage approvals report. The number of mortgage approvals is seen falling to 38,000 in July from 40,103 in June.

At 7.00 am ET, Iceland's central bank announces its interest rate decision.

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