2020.01.1704:29:00UTC+00European Economics Preview: UK Retail Sales Data Due

Retail sales from the UK and final inflation from euro area are due on Thursday, headlining a light day for the European economic news.

At 4.00 am ET, the European Central Bank is scheduled to publish euro area current account data for November. The current account surplus totaled EUR 32.4 billion in October.

Also, Italy's Istat issues foreign trade data for November at 4.00 am ET.

At 4.30 am ET, the Office for National Statistics releases UK retail sales data. Sales are forecast to grow 0.6 percent on month in December, reversing a 0.6 percent fall in November.

Half an hour later, Eurostat is set to issue Eurozone final inflation and construction output data. Inflation is seen at 1.3 percent in December, unchanged from flash estimate, but above 1 percent logged in November.

In the meantime, Italy's final inflation for December is due.