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.
The Czech trade data is due at 3.00 am ET. The trade surplus is expected to fall to CZK 21.1 billion in April from CZK 32.3 billion in March.
At 3.15 am ET, Switzerland's consumer price data for May is due. Consumer prices are forecast to fall 0.6 percent annually, the same rate of fall as seen in April.
Statistics Netherlands is scheduled to release consumer prices for May at 3.30 am ET. Economists forecast EU harmonized inflation to rise to 3 percent from 2.8 percent in April.
At 6.00 am ET, the Ministry of Economics and Technology is set to issue German factory orders for April. Orders are forecast to drop 1 percent month-on-month, reversing a 2.2 percent rise in March.
The Bank of England is unlikely to restart its unconventional measures today. The announcement is due at 7.00 am ET.
At the final meeting of Mervyn King as governor of BoE, the Monetary Policy Committee is expected to hold the interest rate at 0.50 percent and quantitative easing unchanged at GBP 375 billion.
The European Central Bank is set to announce its rate decision at 7.45 am ET. The bank is expected to retain its refi rate after cutting it by 25 basis points to a record low 0.50 percent in May.
ECB President Mario Draghi is set to hold his customary post-decision press conference at 8.30 am ET.
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