The announcement of interest rate decision from Russia is due on Friday, headlining a light day for the European economic news.
At 3.00 am ET, the Czech Statistical Office is scheduled to issue producer prices for August. Economists forecast producer prices to fall 3.2 percent annually after easing 4 percent in July.
At 4.00 am ET, Italy's statistical office Istat publishes foreign trade data for July. The trade surplus totaled EUR 4.66 billion in June.
At 5.00 am ET, Eurozone labor cost data is due for the second quarter. Labor cost advanced 1.7 percent annually in the first quarter.
At 6.30 am ET, Russia's central bank announces its interest rate decision. The bank is widely expected to cut its key rate to 10.00 percent from 10.50 percent.
At 8.00 am ET, Poland's average gross wages figures are due. Economists forecast gross wages to fall 1.6 percent on month in August, reversing a 0.9 percent rise in July.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.