2020.10.2304:05:00UTC+00European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey data from euro area and the UK are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to grow 0.4 percent on month, slower than the 0.8 percent increase in August.

At 3.15 am ET, IHS Markit releases France's composite PMI data. The composite index is forecast to fall to 48.0 in October from 48.5 in September. At 3.30 am ET, Germany's flash PMI data is due. The composite index is seen at 53.2 in October versus 54.7 in the previous month.

In the meantime, Statistics Sweden is scheduled to publish producer prices for September. Prices had declined 4.6 percent on year in August.

At 4.00 am ET, Germany's ifo business confidence survey results are due. Economists forecast the index to rise to 93.8 in October from 93.4 in September.

Also, flash PMI survey results are due from euro area. The composite index is expected to drop to 49.3 in October from 50.4 in the previous month.

At 4.30 am ET, UK composite PMI data is due. Economists forecast the indicator to drop marginally to 55.6 in October from 55.7 a month ago.

At 6.30 am ET, Russia's central bank announces the outcome of its monetary policy meeting. The bank is expected to hold its key rate at 4.25 percent.