European Economics Preview: Eurozone Economic Confidence Data Due

Economic sentiment from euro area and preliminary inflation from Germany are due on Thursday, headlining a busy day for the European economic news.

At 3.00 am ET, the Swedish National Institute of Economic Research is set to publish economic tendency survey results.

In the meantime, flash consumer prices and retail sales from Spain and gross wages from Hungary are due.

At 3.30 am ET, Statistics Sweden releases retail sales data for April. Sales are forecast to fall 2.1 percent on month, faster than the 1.7 percent decrease seen in March.

At 4.00 am ET, business and consumer confidence survey data is due from Italy. The business confidence index is seen falling to 79.0 in April from 89.5 in March. The consumer sentiment index is forecast to drop to 88.5 from 101.0 in the previous month.

At 5.00 am ET, EU releases euro area economic sentiment survey results. The economic confidence index is forecast to rise to 70.3 in May from 67.0 in April.

At 8.00 am ET, Destatis is scheduled to issue Germany's preliminary inflation data for May. Economists forecast inflation to slow to 0.6 percent from 0.9 percent in April.