Flash inflation and unemployment from euro area are due on Thursday, headlining a busy day for the European economic news.
At 2.00 am ET, Destatis is slated to issue German retail sales data. Economists forecast sales to rise 0.5 percent on a monthly basis in March, reversing a 0.1 percent fall in February.
At 2.45 am ET, French consumer spending and producer prices reports are due. Consumer spending is expected to fall 0.5 percent month-on-month in March, following a 0.1 percent rise in February.
At 3.00 am ET, Spain’s flash inflation and preliminary GDP figures are due. Economists forecast consumer prices to fall 0.6 percent in April after falling 0.7 percent in March. The economy is expected to grow 0.8 percent sequentially in the first quarter, slightly faster than the 0.7 percent expansion seen in the fourth quarter.
At 3.55 am ET, the Federal Labor Agency is set to publish German unemployment data. The number of unemployed is forecast to fall 15,000 in April and the jobless rate is seen unchanged at a seasonally adjusted 6.4 percent.
At 4.00 am ET, unemployment figures are due from Italy and Norway. Italy’s jobless rate is expected to fall marginally to 12.6 percent in March from 12.7 percent in February. The European Central Bank is set to publish monthly bulletin.
Eurozone inflation and unemployment reports are due from Eurostat at 5.00 am ET. Flash consumer prices are forecast to remain flat in April after falling 0.1 percent in March. The jobless rate is seen at 11.2 percent in March compared to 11.3 percent a month ago.
Italy’s preliminary consumer prices are also due at 5.00 am. Consumer prices are forecast to fall 0.1 percent in April, the same rate as seen in March.
At 6.00 am ET, Italy’s producer prices are due for March. In February, producer prices had declined 3.3 percent on a yearly basis.
Half an hour later, Russia’s central bank is set to announce its interest rate decision. The bank is expected to cut its key rate to 13 percent from 14 percent.
The material has been provided by InstaForex Company – www.instaforex.com