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Financial News: European Economics Preview: Eurozone Economic Confidence D

European Economics Preview: Eurozone Economic Confidence Data Due

06/29/2017 - 00:46:00 (RTTNews)

(RTTNews) - Economic confidence from euro area and inflation from Germany are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, Germany's GfK consumer confidence survey data is due. The forward-looking sentiment index is seen rising to 10.5 in July from 10.4 in June.

At 3.00 am ET, Spain's INE is scheduled to release flash consumer prices data. Economists forecast inflation to ease to 1.6 percent in June from 1.9 percent in May.

Half an hour later, Statistics Sweden issues retail sales for May. Sales are forecast to grow 0.2 percent on month, following a 1.3 percent rise in April.

At 4.30 am ET, the Bank of England is slated to release mortgage approvals data for May. The number of mortgage approvals is seen at 64,000 in May compared to 64,600 in April.

At 5.00 am ET, the European Commission publishes euro area economic sentiment survey results. The confidence index is seen rising to 109.5 in June from 109.2 in May.

At 7.00 am ET, the Czech National Bank announces its interest rate decision. The bank is widely expected to keep its key rate at 0.05 percent.

At 8.00 am ET, Destatis is set to issue Germany's consumer price data. Economists forecast inflation to slow to 1.4 percent in June from 1.5 percent in May.

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