Unemployment figures from euro area and Germany and Purchasing Managers' survey from major euro area economies are due Tuesday, headlining a busy day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is slated to publish Swiss GDP data. The economy is forecast to grow 0.2 percent sequentially in the third quarter.

At 2.00 am ET, the Bank of England publishes Financial Stability Report.

At 2.30, Sweden's manufacturing PMI is due. The indicator is seen rising to 54 in November from 53.5 in October.

Half an hour later, PMI survey results are due from Hungary, Norway, Poland and Turkey.

At 3.30 am ET, the Swiss PMI report is due. The manufacturing index is forecast to rise slightly to 50.8 in November from 50.7 in October.

At 3.45 am ET, Markit releases Italy's manufacturing PMI. Economists expect the index to improve to 54.2 in November from 54.1 in October. Thereafter, final manufacturing PMI results are due from France and Germany.

At 3.55 am ET, the Federal Labor Agency is set to issue German unemployment data for November. The jobless rate is seen unchanged at 6.4 percent in November.

At 4.00 am ET, Markit publishes final manufacturing PMI data. The index is forecast to be at 52.8 in November, in line with preliminary estimate.

In the meantime, unemployment data from Italy is due. Economists forecast the rate to fall to 11.7 in September from 11.8 percent in August.

At 4.30 am ET, U.K. CIPS/Markit PMI data is due. The manufacturing index is forecast to fall to 53.5 in November from 55.5 in October.

At 5.00 am ET, Eurostat releases euro area unemployment figures. The jobless rate is expected to be at 10.8 percent in October, unchanged from September.

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