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MNI European Morning Briefing

     LONDON (MNI) - The economic docket kicks off on Friday with the UK
Nationwide House Price Index at 0600GMT.
     German Import/Export Prices are also released at 0600GMT.
     Next on the schedule is French Consumer Sentiment data at 0645GMT, Housing
Starts/Permits data is published alongside this release.
     At 0700GMT Spanish Retail Sales will hit the wires.
     Markets will digest a raft of speeches from ECB members following the rate
announcement on Thursday, the ECB kept rates on hold and pledged to reduce the
pace of asset purchases to E30 billion per month until at least September 2018.
     At 0715GMT ECB Executive Board member Peter Praet will deliver a speech at
the 5th Frankfurt Conference on Financial Market Policy organised by Goethe
University's SAFE Policy Center, in Frankfurt.
     At 1045GMT ECB Supervisory Board member Ignazio Angeloni will participate
in a panel discussion at the 5th Frankfurt Conference on Financial Market
Policy, in Frankfurt.
     At 1100GMT ECB Governing Council member Jens Weidmann will speak at the
lecture program in the Embassy of Germany, in Paris.
     Across the Atlantic the first release of the day from the US is advance GDP
figures at 1230GMT. Analysts expected GDP to rise 2.7% in the advance estimate
for the third quarters, only slightly below the 3.1% increase in the second
quarter. Analysts will watch closely to see the impact of the hurricanes in
August and September. The key drivers are expected to be an auto-related boost
in PCE and an improved net export gap, offset by softer inventories and fixed
investment. The chain price index is forecast to rise 1.8% after a 1.0% gain in
the second quarter.
     On the docket for 1400GMT is the US Final Michigan Sentiment Index. The
Michigan Sentiment index is expected to be revised only slightly lower to a
reading of 101.0 from the 101.1 preliminary estimate, keeping it well above the
95.1 reading in September. Record stock market levels and the belief that August
and September's hurricane impacts were less than expected have lifted
     Rounding off the day at 1500GMT and 1515GMT are the St. Louis Fed Real GDP
Nowcast and the NY Fed GDP Nowcast.
--MNI London Bureau; +44 203 865 3809; email:

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