Turkey Rate Decision Due On Wednesday

(RTTNews) - The Turkish Central Bank's monetary policy decision and final Dutch GDP figures are among the very few economic releases scheduled for Wednesday as most of the markets remained closed for Christmas eve.

Data from yesterday showed that the French economy expanded as initially estimated but U.K 's GDP was revised to show slower annual growth in the third quarter.

At 3 am ET, Switzerland's economic institute KOF is due to release its leading indicator. The leading index is expected to rise to 99.5 in December from 98.7 in November.

At 3:30 am ET, Statistics Netherlands is scheduled to release its final gross domestic product, or GDP, and producer confidence reports. GDP is estimated to grow 1.1 percent year-on-year and 0.2 percent quarter-over-quarter in the third quarter, confirming the flash estimates. The producer confidence index is forecast to edge up to 2.6 in December from 2.4 in November.

At 7 am ET, Turkey's central bank will announce its interest rate decision. The bank is expected to keep its 1-week repo rate, borrowing rate and lending rate unchanged at 8.25 percent, 7.5 percent and 11.25 percent, respectively.