Economic calendar: GDP reports from Europe and US retail sales

European futures point to a higher opening of cash session
German GDP seen declining 2.2% QoQ in Q1 2020
US retail sales seen plummeting for another month

European index futures pointed to a higher opening of the cash session after US and Asian equities moved higher. GDP report from European countries will be released throughout the morning with German reading being the most important one (9:00 am BST). During the US trading hours, attention will be paid to US retails sales data and Michigan consumer sentiment. When it comes to newsflow, traders should look out for hints on China-US relations.

8:00 am BST - Czech Republic, GDP for Q1 2020. Expected: -2.3% YoY. Previous: +2% YoY

9:00 am BST - Poland, GDP for Q1 2020. Expected: -1.2% QoQ. Previous: +0.3% QoQ

9:00 am BST - Germany, GDP for Q1 2020. Expected: -2.2% QoQ. Previous: 0% QoQ

1:30 pm BST - US, New York Empire index for May. Expected: -65 pts. Previous: -78.2 pts

1:30 pm BST - US, retail sales for April.

Headline. Expected: -11.9% MoM. Previous: -8.4% MoM
Ex-autos. Expected: -8.5% MoM. Previous: -4.2% MoM

2:15 pm BST - US, industrial production for April. Expected: -11.5% MoM. Previous: -5.4% MoM

3:00 pm BST - US, University of Michigan consumer sentiment for May. Expected: 68 pts. Previous: 71.8 pts

Noteworthy US earnings releases

VF Corporation (VFC.US) - before market open
JD.com (JD.US) - before market open

5 December 2025, 6:56 PM

Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide

5 December 2025, 3:01 PM

BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher

5 December 2025, 1:32 PM

BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉

5 December 2025, 11:42 AM

DE40: Adequate data, Mild growth

Economic reports

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Economic calendar: GDP reports from Europe and US retail sales

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