MNI European Morning Briefing

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

Friday, although early headlines will largely come from Brussels where the EU27

will meet to discuss Brexit.

     At 0600GMT, the German producer price numbers will be released, followed by

the euro area current account data at 0800GMT.

     The main UK data will be published at 0830GMT, when the latest public

sector finance data will be released, the last set to be released before the

Office for Budget Responsibility close their Budget calculations.

     Across the Atlantic, the calendar kicks off at 1230GMT, with the

publication of the Canadian CPI and retail sales data.

     At 1400GMT, the US NAR existing home sales data will cross the wires with

the BLS State Employment numbers expected at the same time.

     The pace of existing home sales is expected to decelerate further to a 5.30

million annual rate in September after falling in each of the last three months.

Sales were likely set back by the hurricanes, but could rebound early in 2018

due to the back-up of sales that could not be processed in the impacted areas.

Pending home sales fell by 2.6% in August, a downside risk for the existing home

sales data in September. Supply fell 2.1% in August and was down 6.5% from a

year earlier, an indication of that supply shortage continues. In areas impacted

by the hurricanes, the shortage of new homes for people to trade up to will

likely continue for some time.

     The St. Louis Fed Real GDP Nowcast will be released at 1500GMT, with the NY

Fed GDP Nowcast expected at 1515GMT

     At 1800GMT, Cleveland Federal Reserve Bank President Loretta Mester speaks

on a panel at "The Future of Global Finance: opulism, Technology and Regulation"

conference in New York City, with an audience and media Q&A.

     At2330GMT, Federal Reserve Chair Janet Yellen will deliver a lecture on

"Monetary Policy Since the Financial Crisis" at the NEC Herbert Stein Memorial

Lecture and Annual Members Dinner in Washington, with audience Q&A.

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