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MNI European Morning Briefing

     LONDON (MNI) - The economic docket kicks off on Tuesday with EU ACEA Car
Registrations at 0600GMT.
     At 0815GMT BoE Governor Mark Carney will appear in front of the Treasury
Select Committee alongside new appointees Sir David Ramsden and Silvana Tenreyro
to discuss the new additions to the MPC and the work of the BoE.
     ECB Executive Board member Vitor Constancio will deliver the keynote speech
at Conference on Financial Stability organised by Bank of Portugal, in Lisbon at
0820GMT.
     A slew of UK releases at 0830GMT, inflation data and the ONS House Price
Index due to hit the wires. A number of factors are expected to exert upside
pressure on inflation including a 12.5% rise in electricity prices by British
Gas and a large rise in petrol prices during the month and the ongoing base
effects of weaker sterling.
     At 0840GMT Bundesbank board member Andreas Dombret will participate in
discussion at the 18th World Knowledge Forum, in Seoul.
     The latest instalment of the German ZEW is due at 0900GMT, alongside
Eurozone HICP figures. The ZEW survey is expected to show another gain after a
brief dip during the summer months. The Sentix index, which is closely
correlated with ZEW, saw a rise in October and paints an optimistic picture for
the German economic outlook.
     Across the Atlantic the first release of the day is the US Import/Export
Price Index at 1230GMT, alongside which the New York Fed Business Leaders Survey
will be published.
     At 1255GMT the US Redbook Retail Sales Index will hit the wires.
     US Industrial Production data is on the docket at 1400GMT. Industrial
production is expected to rise 0.2% in September after a 0.9% hurricane-related
plunge in the previous month. The effects of Hurricane Irma in Florida should be
seen with this month's data, providing some downside risk and accounting for the
wide range of forecasts. Factory payrolls fell by 1,000 in September, while auto
production jobs fell by 3,000 and the factory workweek was unchanged at 40.7
hours. The ISM production index rose to 62.2 in September from 61.0 in the
previous month. Utilities production is expected to rise modestly in the month
after a 5.5% August drop, while mining production is forecast to recover after
posting a 0.8% decline due to Harvey. Capacity utilization is forecast to tick
up to 76.2% from 76.1% in August.
     The second Bundesbank speech of the day comes from Claudia Buch speech at
ZEW, in Mannheim, Germany at 1600GMT.
     At 1930GMT the Bank of Canada Senior Deputy Governor Carolyn Wilkins
participates in a panel discussion at the Sibos conference organized by SWIFT in
Toronto.
     Finishing off the day at 2000GMT are the US Treasury International Capital
(TIC) data.
--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com

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