RTTNews - Friday, a slew of statistical reports are due from Eurozone. In addition, UK house prices data is also expected.
At 2.00am ET, German retail sales data is due from the Federal Statistical Office. German retail sales are forecast to rise 0.5% on a monthly basis in April, following a 0.4% fall in March.
At the same time, the UK Nationwide house prices report is also due. Economists expect house prices to fall 0.9% month-on-month in May, following a 0.4% decline in April.
Thereafter, the French statistical office INSEE is scheduled to issue April producer prices. On annual basis, producer prices are expected to drop 6.4% in April compared to 5.5% decline in March.
At 4.00am ET, the European Central Bank is set to release the M3 money supply report. M3 annual growth is seen at 4.5% in April, down from 5.1% in March.
Afterwards, Euro area flash consumer price inflation data as well as unemployment details are due at 5.00am ET. Annual inflation is forecast to ease to 0.2% in May from 0.6%, while the jobless rate is forecast to rise to 9.1% in April from 8.9% last month.
In the meantime, a preliminary report for Italian consumer prices is due. Annual inflation is seen at 0.9%, down from 1.2% in April.
Half an hour later, the Swiss KOF leading indicator is expected. The index is now expected to show a reading of minus 1.78 in May versus minus 1.86 in April.
For comments and feedback: contact email@example.com