RTTNews - Wednesday, major events due for the day include the release of the Bank of England's quarterly Inflation Report and the UK claimant count data.

At 2.45am ET, the French CPI and current account reports are due. On a yearly basis, consumer prices are forecast to drop 0.8% in July compared to a 0.5% fall in June. The EU harmonized index is also expected to fall 0.8% annually.

At 4.00am ET, a final report for Italian CPI is slated. According to preliminary estimate, Italian inflation decreased to a fifty-year low of 0% in July from 0.5% in June. The CPI was flat on a monthly basis in July.

At the same time, the Statistics Norway is scheduled to issue retail sales for June. After rising 1.9% in May on a yearly basis, retail sales are now expected to drop 0.5% in June.

Half an hour later, the Office for National Statistics is slated to release the British labor market statistics. The claimant count rate is seen at 4.9% in July, up from 4.8% in June. Meanwhile, the number of people claiming allowances is expected to rise 28,000. The ILO jobless rate for three months to June period is seen at 7.7%.

At 5.00am ET, Eurozone industrial production is due from the Eurostat. Industrial production is forecast to rise 0.2% month-on-month in June, following a 0.5% rise in May.

At 5.30am ET, the Bank of England is set to issue Quarterly Inflation Report. The Monetary Policy Committee's latest inflation and output projections will appear in the Inflation Report.

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