ECB meeting is scheduled on Thursday, the 20th of July, and it is definitely worth a closer look. But the schedule actually starts at 6 AM with the German Producer Price Index for June. A downturn energy costs pushed the total lower in May, although it did grow on a monthly basis. Swiss Trade Balance for June is out at the same time, and the trade surplus widened significantly in May on the back... Еще of a strong gain in pharmaceutical exports. UK Retail Sales for June follow at half past 8. Sales slipped in May, partially reversing a strong 2.5% gain the previous month. And the closely watched ECB Monetary Policy Statement comes at 11:45, followed by a press conference 45 minutes later. President Draghi has recently dropped some decidedly hawkish hints and, even though markets are not expecting any changes just yet, his comments will nevertheless be closely scrutinised. The high importance weekly update on US Jobless Claims will be available at 12:30 PM GMT. Initial claims went up by 2 thousand during the week ending June 24 wereas the continuing claims grew by 6 thousand during the week ending June 17. Philly Fed Manufacturing Index for July is out at the same time. The Index lost more than 10 points in June, but it remains well in the positive territory. US June Leading Index comes at 2. Index continued growing in May as improvement was noted across the board. Euro Zome Preliminary Consumer Confidence for July is out at this time as well, and the June data surprised very much on the upside as the Index gained 2 points and jumped to a 10-year high. And finally there's the New Zealand Credit Card Spending for June, which is scheduled at 3 AM. Spending continued growing in May, and at a faster pace than the 6.5% gain the previous month. I'm Kiays Khalil and this was the Economic Calendar for Thursday. Check back in for the next overview of news releases for Friday. Goodbye.