2010.10.2502:13:00UTC+00European Economics Preview: Eurozone Industrial Orders Data Due

Industrial new orders data from the eurozone along with mortgage approvals data from the U.K. are due on Monday, headlining a light day for European economic news. All times in ET.

Friday was light on major economic reports. German business confidence unexpectedly rose to a three and a half year high, with firms turning more optimistic over their future prospects.

Meanwhile, a weekend meeting of G20 finance chiefs in the South Korean city of Gyeongju produced a historic reform of the International Monetary Fund to give emerging economies more of a say in the fund's operation. The group also reached a tentative truce to ease currency tensions by pledging to move towards market-determined exchange rates and reduce excessive external imbalances.

At 3:00 am, the Czech Statistical Office is scheduled to release consumer and business sentiment data for October. The business confidence index had come in at 92.2 in September, while the consumer confidence indicator was at 89.2.

Producer price inflation figures for September are due from the Spanish statistical office at the same time. The headline annual producer price inflation rate had come in at 2.7% in August.

At 4:30 am, the British Bankers Association is slated to release mortgage approvals data for September. The number of approvals is seen falling to 31,000 from around 31,800 in the prior month.

Eurozone industrial new orders data for August is due from Eurostat at 5:00 am. New orders are expected to rise by 2.4% on a monthly basis and by 19.3% on an annual basis.

Finally at 8:00 am, the Hungarian central bank is due to announce its rate decision. Analysts expect the base rate to be retained at 5.25%.

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