Thursday, almost all major European economies are expected to issue statistical reports. Among them, important ones are UK retail sales and German consumer confidence.

At 3.10am ET, the market research group, GfK is set to issue a monthly German consumer confidence survey results. The index is forecast to fall to 2.5 for April from 2.6 in March.

Thereafter, French consumer confidence is due from the statistical office INSEE at 3.45am ET. Consumer confidence is expected to weaken to minus 44 in March from minus 43 in February.

At 4.30am ET, the research institute ISAE is slated to release Italian business confidence survey for the month of March. Business confidence is seen at 63 in March, down from 63.2 in February.

At the same time, a slew of statistical reports are due from the Statistics Netherlands. The fourth quarter GDP is expected to fall 0.9% sequentially. Dutch producer confidence is forecast to fall to minus 23 in March from minus 22.9 last month. In the meantime, consumer spending for January is also due.

The Statistics Sweden is also scheduled to issue fourth quarter GDP report at 4.30am ET.

Half an hour later, the Eurozone money supply and Italian non-EU trade balance are due. Annual growth in Eurozone M3 money supply is expected to ease to 5.5% in February from 5.9% in January.

Afterwards, the Office for National Statistics is set to issue UK's February retail sales data and total business investment for the fourth quarter. Retail sales are expected to increase 2.5% year-on-year in February compared to a 3.6% rise in January. Month-on-month, retail sales are predicted to drop 0.4%.

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