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Eurozone retail sales to dominate markets news



La Oratava in Tenerife and Valedepeñas in Cuidad Real celebrate local holidays on Thursday.

On Thursday, investors’ attention will focus on the Eurozone retail sales data for April and the ECB meeting. Although the latest Eurozone inflation data has shown an unexpected acceleration in prices, investors are discounting a 25 bp drop in interest rates.

Data on tourist home prices for the first trimester and industrial production for April will be published in Spain by the INE.

In the UK we will have the construction PMI, and the quarterly update on GP workforce.

Thursday will also bring the annual ‘What Kids Are Reading’ report to light, which could prove interesting reading for adults.



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