European Economics Preview: Germany Ifo Business Confidence Data Due

Business confidence and revised GDP from Germany are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's revised GDP data for the first quarter. According to preliminary estimate, gross domestic product fell 1.7 percent sequentially, in contrast to the 0.5 percent growth seen in the fourth quarter.