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The accounts of monetary policy meeting from the European Central Bank is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Germany's final inflation data is due. Inflation is forecast to match the flash estimate of 1.6 percent in June.

At 2.45 am ET, France's statistical office Insee is scheduled to issue final inflation figures for June. Economists forecast inflation to rise to 1.2 percent, as initially estimated, from 0.9 percent in May.

At 3.00 am ET, consumer prices from the Czech Republic and current account from Turkey are due. Czech inflation is seen at 2.7 percent in June versus 2.9 percent in May.

Half an hour later, Statistics Sweden publishes consumer price data for June. Economists forecast inflation to ease to 1.8 percent from 2.2 percent in May.

At 5.00 am ET, Greece unemployment figures for April are due. The jobless rate was 19.2 percent in March.

At 5.30 am ET, the Bank of England is set to publish Financial Stability Report and the Financial Policy Committee Record.

At 7.30 am ET, the ECB releases the accounts of the monetary policy meeting of the governing council held on June 5 and 6.