European Economics Preview: Germany Ifo Business Confidence Due

Business sentiment from Germany and quarterly national accounts from the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway is set to issue unemployment data for March. The jobless rate is forecast to remain unchanged at 3.9 percent in March.

At 2.45 am ET, France's Insee publishes consumer confidence survey results for May.

At 3.00 am ET, Spain's INE releases producer prices for April. Prices had advanced 1.3 percent on year in March.

At 4.00 am ET, Germany's Ifo business confidence survey results are due. The sentiment index is forecast to drop to 102 in May from 102.1 in April.

In the meantime, Poland's unemployment data is due. The jobless rate is forecast to fall to 6.3 percent in April from 6.6 percent in March.

Half an hour later, the Office for National Statistics releases second estimate for the UK GDP. The ONS is expected to confirm 0.1 percent sequential growth for the first quarter.