RTTNews - Thursday, the German GfK consumer confidence is expected to dominate the newsflow from European economies.

UK's house price index for August is due from the Nationwide Building Society at 2.00am ET. House prices are expected to rise 0.5% month-on-month in August, following a 1.3% rise in July. Meanwhile, annual fall is seen at 3.9%.

At 2.10am ET, the market research firm GfK is set to issue monthly consumer confidence survey results. German consumer sentiment is seen at 3.6 in September, up from 3.5 points in August.

At 3.00am ET, a final data for the second quarter Spanish GDP is due. At the same time, the Hungarian statistical office is slated to release unemployment details for July. The jobless rate is forecast to rise to 9.7% from 9.6% in June.

At 3.30am ET, the Italian research institute ISAE is scheduled to issue consumer confidence. Economists forecast consumer sentiment to rise to 107.9 in August from 107.5 in July. In the meantime, Dutch consumer spending and producer confidence reports are also due.

Half an hour later, the European Central Bank is set to release M3 money supply for July. Eurozone money supply is expected to grow 3.2% year-on-year in July versus 3.5% in June.

At 4.30am ET, British business investment for the second quarter is due from the Office for National Statistics. Business investment is forecast to drop 12.2% year-on-year in the second quarter compared to a 9.7% fall in the first quarter.

The Confederation of British industry is set to issue the Distributive Trades survey at 6.00am ET.

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