On Tuesday's economic calendar, German labor statistics are due at 0900 GMT, while the U.K. CIPS manufacturing PMI is at 0930 GMT. In the U.S., the ISM manufacturing report and construction spending data are both scheduled for release at 1500 GMT, while the Federal Open Market Committee minutes are due at 1900 GMT.
In Germany, the monthly unemployment tally is expected to have fallen by 10,000 in December, said Rabobank. "Ongoing improvement in December, albeit modest, will tend to boost confidence that Germany's economy continued expanding into year-end 2011," it said.
The U.S. manufacturing sector ISM is expected to show an improvement, with the index rising to 53.4 in December from 52.7, said Rabobank. "If realized, this will be the highest reading since June 2011 and signal the U.S. economy maintained its momentum in December." For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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