MNI European Morning Briefing

     LONDON (MNI) - The European calendar gets underway on Tuesday with a

tranche of French data at 0645GMT, Manufacturing Sentiment, Business Climate

Indicator and Services Sentiment data will all hit the wires.

     At 0700GMT another French release, this time the preliminary Services and

Manufacturing PMI readings.

     At 0730GMT German PMI data are scheduled, the preliminary Services and

Manufacturing readings will both be published.

     Broader Eurozone Services and Manufacturing PMI figures are released at

0800GMT. Aggregate activity is expected to edge down slightly but remain in

expansionary territory. The rise in September's reading was attributed mostly to

the strength of the manufacturing component. Market consensus though, is for

manufacturing activity to weaken this month.

     At 0900GMT Euro Area Government Debt/Deficit figures will hit the wires.

     UK Chancellor Philip Hamond will answer questions in Parliament at 1000GMT.

The Chancellor received a boost last week after public sector borrowing figures

fell to their lowest level in 10 years in September. Market watchers will have

one eye on next month's budget after the OBR downgraded UK productivity

forecasts.

     Hammond will also face questions around Brexit amid recent accusations of

pessimism, particularly after calling the European Union "the enemy" at an IMF

summit last week - a comment for which the Chancellor later apologised on

twitter.

     Across the Atlantic the first US release on the docket is the Philadelphia

Fed Nonmanufacturing Index at 1230GMT.

     1255GMT sees the US Redbook Retail Sales Index published.

     The Belgian National Bank will publish their Business Sentiment Index at

1300GMT.

     At 1340GMT the ECB will call for bids in the latest 7-day MRO ahead of

publishing updates of their various purchase programmes (PSPP, CBPP, CSPP and

ABSPP) at 1345GMT.

     Also at 1345GMT is the preliminary US Services and Manufacturing PMI

readings.

     Rounding off the day for economic data is the US Richmond Fed Manufacturing

Survey at 1400GMT.

--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com