RTTNews - Friday, UK's GDP data is the only main statistical report expected from Europe.

At 3.00am ET, the Spanish flash HICP data is due. Economists forecast the index to drop 1% year-on-year in August.

Half an hour later, the Statistics Sweden is slated to issue producer prices and retail sales data. Producer prices are forecast to rise 0.3% month-on-month in July, following a 0.8% drop in June. Retail sales growth is seen at 3.2% annually in July compared to 2.2% in June.

Thereafter, the Italian PPI is due from the statistical office ISTAT at 4.00am ET. After declining 6.3% in June, economists forecast producer prices to fall 8.1% in July.

At 4.30am ET, the Office for National Statistics is scheduled to issue UK's GDP data. According to preliminary estimate, the British economy contracted 0.8% sequentially in the second quarter.

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