In the European economic sector, significant data releases are scheduled for Friday, including flash inflation figures from the eurozone and mortgage approvals from the UK, promising a bustling day for economic news.
At 2:00 AM ET, Destatis is set to publish Germany's retail sales and import price figures for April. Predictions suggest a 0.1 percent month-on-month decline in retail sales, a sharp contrast to March's 1.8 percent increase.
Concurrent to this, the UK is expected to release Nationwide house price data. Estimates indicate a 0.1 percent monthly rise in house prices for May, following a 0.4 percent decrease in April.
At 2:30 AM ET, Switzerland will reveal retail sales data, and Hungary will release its producer price index.
Just fifteen minutes later, at 2:45 AM ET, France's INSEE will present several key economic indicators, including flash inflation, revised GDP figures, household consumption, and producer prices. Consumer price inflation in France is anticipated to rise to 2.4 percent in May, up from April's 2.2 percent. Initial estimates indicated a 0.2 percent GDP growth in Q1, a figure that is expected to be confirmed.
At 3:00 AM ET, revised GDP data for Q1 from the Czech Statistical Office will be released.
At 4:00 AM ET, Italy's statistical office ISTAT will publish revised GDP figures for Q1, previously estimated to show an increase from 0.1 percent to 0.3 percent.
By 4:30 AM ET, the Bank of England will release April's mortgage approval data, expected to show 61,500 approvals, a slight rise from March's 61,330.
At 5:00 AM ET, Eurostat is scheduled to release flash inflation data for May, with inflation anticipated to edge up to 2.5 percent from April's 2.4 percent.
Additionally, Italy will release its flash inflation data on the same day.
