FXstreet.com (Barcelona) - Thursday's European session brought poor and disappointing sentiment data in the Eurozone in September, but better than expected German import prices (August) and unemployment figures (September). In Italy, business confidence improved from 87.2 to 88.3, but the Portuguese data fell from -4.0 to -4.2. Retail Sales in Spain fell further -2.1% in August after having already dropped -7.3% in July.

The German DAX 30 gains by +0.35%, the French CAC 40 rises by +0.70%, the Spanish IBEX 35 trades mostly flat and the Italian FTSE MIB is up by +0.58%. The British FTSE 100 rises by +0.24% after the improving GDP and Total Business Investment, while the current account deficit widens. Meanwhile, the BoE's Fisher said that Q3 GDP will be strong and inflation is currently higher than expected due to the world energy prices. Also, the BoE's Financial Policy Committee expect slow growth of bank earnings limiting capital generation.

Spanish headlines will be the main market driver as the Prime Minister Rajoy announces the budget for 2013 and reforms at 12:00 GMT, with a slight hope that a bailout request comes up. Meanwhile, Moody's might be preparing a credit rating downgrade.

Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a higher open by +0.50% ahead of the Spain PM Rajoy's announcement and US jobless claims, durable goods and GDP data. WTI crude oil gains +0.50%, at 90.40, and Gold trades flat at 1753.