Another busy day of financial data is on the program for Thursday, including the monthly hard data on retail spending in the Eurozone. Two US numbers will provide context for assessing the first look at the ISM Non-Manufacturing Index and the trend: factory orders for June for July.

Eurozone: Retail Revenue (0900 GMT) Today's hard data on consumer spending is forecast to reaffirm that Europe's economic recovery remains on course. Economists are looking to place another monthly advance, rising for a sixth straight month in June.

TradingEconomics.com's consensus forecast requires a 0.1% gain in the last month of the next quarter, down by a 0.4% pop in May. More importantly, the year-on-year trend is projected to hold steady at a medium 2.6% rate for a third month.