Spain's medium-term debt auction is the major event due on Thursday, headlining a busy day for the European economic news.
Switzerland's trade data for June is due at 2.00 am ET. The trade balance showed a surplus of CHF 2.52 billion in May.
At 3.30 am ET, Statistics Netherlands is set to publish consumer confidence and unemployment data.
Half an hour later, the European Central Bank is slated to publish current account figures for May. The current account surplus totaled EUR 1.6 billion in April. In the meantime, Italy's industrial orders are due.
Spain aims to raise between EUR 2 billion and EUR 3 billion from the auction of medium-term debt today. The issue includes securities maturing on October 2014, July 2017 and October 2019.
Borrowing costs are expected to increase despite austerity measures announced last week. The results are due at 4.30 am ET.
The Office for National Statistics is scheduled to issue retail sales figures for June at 4.30 am ET. Economists forecast U.K. retail sales to grow 0.6 percent month-on-month and 2.3 percent annually.
Thereafter, French auction results are due at 4.50 am ET. The government plans to auction BTAN and OAT linker to collect EUR 8 billion to EUR 10 billion.
by RTT Staff Writer
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