MNI European Morning Briefing

     LONDON (MNI) - There is plenty of data on both sides of the Atlantic

Friday, but undoubtedly, the appearances of Fed Chair Janet Yellen and ECB

President Mario Draghi at the Jackson Hole gathering will be the highlights of

the session.

     The European data calendar gets underway at 0600GMT, with the publication

of the German final Q2 GDP data. At the same time, the German construction

orders and import/export prices data will be released.

     At 0645GMT, the August French Consumer Sentiment numbers will cross the

wire, followed by the Spanish July PPI data at 0700GMT.

     The main German release of the day comes at 0800GMT, with the publication

of the German August IFO index.

     Across the Atlantic, the main US data release comes at 1230GMT, with the

release of the latest durable goods data.

     Durable goods orders are expected to fall by 6.1% in July after a 6.4%

surge in June. Boeing orders fell back to 22 after jumping to 184 in June,

suggesting aircraft orders should reverse sharply. Orders excluding

transportation are expected to increase 0.4% after a 0.1% increase in June.

     Federal Reserve Chair Janet Yellen will speak at the Federal Reserve Bank

of Kansas City Economic Symposium on Financial Stability in Jackson Hole,

starting at 1400GMT.

     At 1500GMT, the St. Louis Fed Real GDP Nowcast will be published, followed

by the NY Fed GDP Nowcast at 1515GMT.

     ECB President Mario Draghi is set to speak at Jackson Hole late in the US

afternoon, starting at 1900GMT.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com