FX.co ★ European Economic News Preview: Germany Inflation Data Due

The significant economic news for Monday centers around flash inflation data from Germany and economic confidence survey results from the euro area. Key reports of the day include:

At 2.00 am ET, Sweden's flash GDP and retail sales statistics reveal that the economy is anticipated to contract by 0.1% in the first quarter of the year.

At 3.00 am ET, Spain's INE is scheduled to publish flash consumer and harmonized prices for April. Consumer price inflation is predicted to fall slightly to 3.1% from 3.2% in March.

At 5.00 am ET, the European Commission will release economic sentiment survey data for April. According to economists, the euro area economic sentiment index is expected to rise to 96.9 from its March figure of 96.3.

At 6.00 am ET, Ireland will disclose its GDP and inflation figures.

At 8.00 am ET, Destatis will provide Germany's flash inflation figures for April. Consumer price inflation is projected to increase from 2.2% in March to 2.3%.