On Thursday, attention turns to key economic updates for Europe, including GDP assessments, foreign trade insights from the UK, and final inflation figures from Germany.
At 2:00 AM ET, the UK's Office for National Statistics will publish data on GDP, industrial production, and foreign trade. Projections suggest a monthly economic growth of 0.2% in November, rebounding from a 0.1% decline in October.
Simultaneously, Germany’s statistical authority, Destatis, is anticipated to confirm an increase in consumer price inflation to 2.6% for December, rising from 2.2% in November.
At 4:00 AM ET, Italy's ISTAT will release its finalized consumer price index for December, with inflation expected to remain steady at 1.3%, unchanged from preliminary estimates.
At 5:00 AM ET, Eurostat will provide the euro area’s foreign trade details, forecasting an increase in the trade surplus to €11.8 billion in November from €6.8 billion recorded in October. Italy will also release its foreign trade data, where the trade surplus is anticipated to decrease to €4.5 billion in November, down from €5.15 billion in October.
At 6:00 AM ET, Ireland will reveal its inflation figures, with economists predicting a rise in harmonized inflation to 1.0% for December, doubling from 0.5% in November.
Finally, at 8:00 AM ET, Poland is expected to announce its monetary policy decision, with the central bank likely to maintain the benchmark rate at 5.75%.
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