India, Aug. 14 -- Quarterly national accounts from Germany and inflation from the UK are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's GDP data. The largest euro area economy is forecast to contract 0.1 percent sequentially in the second quarter after expanding 0.4 percent in first quarter.

At 2.45 am ET, France's Insee releases final inflation data for July. The statistical office is expected to confirm consumer price inflation of 1.1 percent in July versus 1.2 percent in June.

At 3.00 am ET, GDP data is due from Hungary and the Czech Republic. Hungary's economy is forecast to grow 4.6 percent annually and the Czech GDP to expand 2.6 percent in the second ...