Industrial production from the U.K. and France are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway releases consumer and producer prices for January. Inflation is expected to ease to 2.9 percent in January from 3.5 percent in December.

At 2.45 am ET, the French statistical office Insee is set to publish industrial output figures. Economists forecast industrial output to fall 0.7 percent on month in December, reversing a 2.2 percent rise in November.

At 3.00 am ET, the Czech Statistical Office issues consumer price data. Inflation is expected to remain unchanged at 2 percent in January.

At 4.00 am ET, Italy's industrial production figures are due for December. Economists forecast production to fall 0.1 percent month-on-month, in contrast to a 0.7 percent rise in November.

At 4.30 am ET, the Office for National Statistics publishes U.K. industrial output, foreign trade and construction output figures.

U.K. industrial production is forecast to rise 0.2 percent month-on-month, slower than the 2.1 percent increase in November. The visible trade deficit is expected to narrow to GBP 11.45 billion in December from GBP 12.16 billion a month ago.

Portugal's inflation figures for January are due at 6.00 am ET. Inflation was 0.9 percent in December.

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