Unemployment and consumer price figures from Germany are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, U.K. Nationwide house price data is due. Economists forecast house prices to rise 5 percent on a yearly basis in April following a 5.7 percent increase in March.

At 3.00 am ET, flash consumer prices from Spain and unemployment from Hungary are due. Spain's flash consumer prices are forecast to fall 0.7 percent on a yearly basis in April after easing 0.8 percent in March.

At 3.30 am ET, Statistics Sweden is set to release retail sales for March. Sales are forecast to grow 0.4 percent month-on-month, reversing a 0.2 percent drop in February.

At 3.55 am ET, the Federal Labor Agency is scheduled to release German unemployment data. The jobless rate is seen unchanged at a seasonally adjusted 6.2 percent in April.

At 4.00 am ET, hourly wages from Italy and retail sales from Norway are due. Economists forecast sales to grow 0.4 percent month-on-month in March, reversing a 0.5 percent fall in February.

At 5.00 am ET, the European Commission is slated to publish euro area economic confidence survey results. The economic sentiment index is seen at 103.4 in April compared to 103 in March.

At 5.30 am ET, U.K. Finance Minister George Osborne is set to speak at Parliament's Treasury Committee.

At 8.00 am ET, Destatis publishes German consumer prices for April. Inflation is forecast to ease marginally to 0.2 percent in April from 0.3 percent in March.

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