Flash composite Purchasing Managers' survey results from the euro area and the UK are due on Friday, headlining a busy day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finance data. Retail sales are forecast to grow 0.2 percent on a monthly basis in January, following December's 0.4 percent increase. The budget deficit is seen widening to GBP 24 billion from GBP 11.6 billion in November.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.