At 3:45 am ET Wednesday, Markit Economics is due to release its services and composite PMI figures for Italy. PMI reports for France and Germany are due at 3:50 am ET and 3:55 am ET, respectively. The services and composite PMI for the Eurozone is due 4:00 am ET.

Ahead of the reports, the Euro rose against the other major currencies.

As of 3:40 am ET, the Euro was trading at 0.7399 against the Pound, 1.0385 against the Swiss franc, 1.1264 against the U.S. dollar and 134.82 against the Yen.

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