Public sector finance data from the UK is due on Tuesday, headlining a light day for the European economic news.

At 2.45 am ET, the French statistical office Insee publishes manufacturing sentiment survey data. The manufacturing confidence index is forecast to rise to 105 in April from 104 in March.

At 3.00 am ET, Spain's INE releases producer prices for March. Prices had advanced 7.5 percent on year in February.

At 3.30 am ET, Sweden's unemployment data is due. The jobless rate is forecast to fall to 7.3 percent in March from 7.4 percent in February.

At 4.30 am ET, the Office for National Statistics releases UK public sector finance data. The budget deficit is forecast to widen to GBP 1.5 billion in March from GBP 1.1 billion in February.

At 7.00 am ET, Hungary's central bank is set to announce the outcome of the monetary policy meeting. The bank is expected to keep its base rate at 0.9 percent.

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