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European Economics Preview: UK's CBI Distributive Trade Survey Results Due

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Thursday, UK's Distributive Trade survey results and Eurozone money supply details are expected to dominate the scene.

At 3:00am ET, Spain's National Statistics Institute is slated to issue retail sales data for October. Economists forecast sales to fall 2.4% year-on-year in October, slower than the 3.4% in the previous month.

Elsewhere, Hungary's Central Statistical Office is expected to release unemployment data for the August to October period. The unemployment rate is tipped to edge up to 10.5%.

At 3:30 am ET, unemployment data is due from Statistics Denmark. The seasonally adjusted unemployment rate is expected to rise to 4.3% in October from 4.1% in the prior month.

Simultaneously, the Statistics Sweden is set to issue trade data for October. The trade balance is forecast to log a surplus of SEK 9.5 billion, up from the SEK 5.5 billion surplus in the previous month. The Swedish central bank is set to release its semi-annual Financial Stability Report at the same time.

Italy's business sentiment survey results are due from think tank ISAE at 3:30 am ET. The sentiment indicator is forecast to rise to 78 in November from 77.1 in the prior month. Dutch consumer spending figures are also due at the same time.

At 4:00 am ET, the European Central Bank is expected to release money supply data for October. Year-on-year, the seasonally adjusted M3 money supply growth rate is seen at 0.8%, down from 1.8% in the previous month.

Elsewhere, consumer price figures for November are due from Statistics Iceland. Last month, consumer prices had increased 9.7% on a yearly basis.

The Italian statistical office ISTAT is scheduled to release trade data for October at 4:00 am ET. The non-EU trade balance is expected to log a surplus of EUR 2.35 billion, in contrast to the EUR 0.51 billion deficit in the preceding month.

Norwegian unemployment data is due from Labor and Welfare Organization. The unemployment rate is expected to hold steady at 2.6% in November.

At 6:00 am ET, the Confederation of British Industry is set to release November's Distributive Trade Survey results. Last month, a net 8% of respondents said that retail sales volumes had risen.

Ireland's trade statistics and wholesale price details are due at the same time. A trade surplus of EUR 2.95 billion was reported in August.

Thereafter, Germany's Federal Statistical Office is scheduled to release preliminary estimates for the November CPI. Economists forecast annual inflation to rise to 0.5%. At the same time, consumer prices are expected to remain flat on a monthly basis.

Thursday, UK's Distributive Trade survey results and Eurozone money supply details are expected to dominate the scene. (Market News Provided by RTTNews)

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