The euro area industrial new orders and current account balance are expected to dominate the news-flow on Thursday.

At 2.00am ET, the Statistics Estonia is set to release foreign trade data for February. At the same time, the Statistics Finland is due to announce industrial turnover data for January.

Fifteen minutes later, the March trade balance is due from the Swiss Federal Administration of Customs. The trade surplus in February stood at CHF 731 million.

Thereafter, French business confidence is expected at 2.45am ET. Business confidence is forecast to rise to 69 in April from 68 in March. The production outlook indicator is seen at minus 67 in April, up from minus 70 in March.

At 3.00am ET, industrial producer price data is due from the Spanish statistical office. The Hungarian statistical office is expected to unveil retail sales data for February.

At 4.00am ET, the European Central Bank is scheduled to release the current account balance. The current account deficit in February is forecast to fall to EUR 10.7 billion from EUR 12.7 billion in January.

An hour later, the Eurostat is scheduled to issue Eurozone industrial new orders. Industrial new orders are forecast to fall 2.2% month-on-month in February, following a 3.4% decline in January. On a yearly basis, new orders are forecast to plunge 34.8%.

At 6.00am ET, the Confederation of British Industry is set to issue Industrial Trends Total Orders.

In addition, flash PMI reports for major Eurozone economies are due on Thursday.

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