Business sentiment survey data from Germany is the major report due on Wednesday, headlining a light day for the European economic news. At 4.00 am ET, the ifo Institute is scheduled to issue Germany's business confidence survey results.
KPN reported first quarter net profit of 175 million euros, decreased 11% from last year, due to one-off refinancing costs. Adjusted EBITDA AL increased 3.6% to 605 million euros, driven by higher service revenues.