The announcement of the target rate of the European Central Bank is due on Thursday, headlining a light day for the European economic news.
The ECB is expected to leave its interest rate, which is the rate on the main refinancing operations at a record-low of zero percent. However, economists expect the bank to strengthen its recovery later. The announcement is due at 7.45 am ET.
President of the ECB, Christine Lagarde, is set to hold a press conference at 8.30 am ET.
At 2.30 am ET, the Federal Statistical Office, the release of Swiss consumer prices for the month of September. Consumer prices are expected to decline 1.3% year-on-year after easing 1.1 percent in the month of April.
At 3: 00 AND, in April, the retail sales data from Hungary are due. Sales had increased 3.5% year over year in March.
At 3: 30 p.m. (ET), Statistics Sweden publishes industrial production and orders for the month of April.
At 4.30 am ET, the IHS Markit releases in the UK, the construction PMI data for the month of May. The score is seen at 29.7 against 8.2 in the previous month.
At 5: 00 am, Eurostat publishes the euro area, retail sales for the month of April. Economists forecast sales to fall 15% on month after easing to 11.2% in March.
In the meantime, GDP, and unemployment figures are due from Greece.
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