The monetary policy meeting of the European Central Bank and the Bank of England are the major events due on Thursday. Both central banks are set to leave their key rates unchanged.
At 2.30 am ET, Sweden's services PMI data is due. The index is forecast to fall to 54.2 in March from 54.6 in February.
At 3.00 am ET, retail sales figures are due from the Czech Republic and Hungary. Retail sales of both Czech and Hungary are expected to fall 2 percent each on a yearly basis in February.
Thereafter, final PMI figures are due from Germany, France and Eurozone. The Eurozone composite PMI is seen at 46.5, in line with flash estimate.
At 4.00 am ET, Statistics Norway is slated to issue retail sales data for February.
Half an hour later, U.K. CIPS/Markit services PMI is due. Economists forecast the index to fall to 51.5 in March from 51.8 in February.
At 5.00 am ET, Eurostat is scheduled to release producer prices for February. Eurozone producer price annual inflation is forecast to ease to 1.4 percent in February from 1.9 percent in January.
Spain's debt auction results are due at 5.30 am ET. The government aims to raise between EUR 3 billion and EUR 4 billion from the issue of medium to long term debt.
The Bank of England is unlikely to restart its unconventional measures today. At the regular two-day meeting, the nine-member committee is expected to hold the interest rate at 0.50 percent and the central bank's quantitative easing unchanged at GBP 375 billion. The announcement is due at 7.00 am ET.
The European Central Bank is expected to retain its key rate at 0.75 percent. The bank is set to announce the decision at 7.45 am ET.
ECB President Mario Draghi is set to hold his customary post-decision press conference at 8.30 am ET. At the previous press conference in March, he said economic activity will gradually recover later in 2013.
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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.