The minutes of the Bank of England's latest monetary policy meeting and retail sales from the U.K. are the major reports due on Wednesday.
Statistics Netherlands is scheduled to release March consumer spending at 3.30 am ET. Sweden jobless data is also due. The unemployment rate is seen rising to 7.8 percent in April from 7.7 percent in March.
At 4.00 am ET, the European Central Bank is set to release Eurozone current account figures for March. The current account logged a deficit of EUR 1.3 billion in February compared to a surplus of EUR 3.7 billion in January.
Half an hour later, the Bank of England is slated to release the minutes of the monetary policy meeting held on May 9 and 10. At the two-day meeting, policymakers halted its quantitative easing at GBP 325 billion and retained record low 0.50 percent interest rate.
In the meantime, the Office for National Statistics is scheduled to release U.K. retail sales data. Including automotive fuel, retail sales are forecast to drop 0.8 percent month-on-month and to rise 1 percent from a year ago.
At 6.00 am ET, U.K. Industrial Trends survey results are due from the Confederation of British Industry. The total order book balance is seen at -11 percent in May compared to -8 percent in April.
At the same time, a monthly report is due from Bundesbank.
Later on the day, Heads of State or Government of the EU Member States will gather for an informal dinner in Brussels.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.