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European Economics Preview: German Consumer Confidence Data Due

preview aug27 25jun20 lt

Consumer sentiment from Germany and monetary policy accounts from the European Central Bank are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Germany's market research group GfK publishes consumer sentiment survey data. The forward-looking consumer sentiment index is forecast to rise to -12 in July from -18.9 in the previous month.

At 3.00 am ET, industrial production from Austria and producer prices from Spain are due.

At 6.00 am ET, the Confederation of British Industry releases Distributive Trends Survey data for June. The retail sales balance is expected to advance to -34 percent from -50 percent in May.

At 7.00 am ET, Turkey's central bank announces its interest rate decision. The bank is expected to cut its one-week repo rate to 8.00 percent from 8.25 percent.

Half an hour later, the European Central Bank publishes the account of the monetary policy meeting of the Governing Council held on June 3 and 4.

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