German Business Confidence Rises Unexpectedly

*Italy Aug. Retail Sales Up 0.3% On Year, Consensus 1.5%

Hungary Econ Minister : Targets 0 Pct Nominal Wage Hike in Public Sector in 2011, 5 Pct Cost Cut in Public Sector

*Italy Aug. Retail Sales Flat On Month

Ifo's Abberger : There Is No Pressure on ECB to Act, Inflation Is Not a Problem in Germany