MNI European Morning Briefing

     LONDON (MNI) - Its a heavy data session in Europe Tuesday, with inflation

data to the fore on both sides of the Channel.

     The European data calendar kicks off at 0700GMT, with the release of the

German preliminary Q3 GDP data and the final October inflation data.

     At 0800GMT, final Spanish inflation data will be released, followed by the

Italian GDP data and inflation data at 0900GMT.

     Also at 0900GMT, ECB Executive Board member Sabine Lautenschlaeger

participates in the opening discussion at Banking Supervision Resolution and

Risk Management Conference during 20th Euro Finance Week, in Frankfurt.

     Back in the UK, at 0930GMT, the October consumer and producer inflation

data will be released, along with the ONS September house price data.

     At 1000GMT, EU area inflation and GDP data will cross the wires, with the

ZEW survey due at the same time.

     ECB President Draghi, Fed Chair Yellen, BOE Governor Carney and BOJ

Governor Kuroda will all participate in a panel discussion and moderated Q&A

from the ECB forum, staring at 1000GMT.

     Across the Atlantic, the US NFIB Small Business Optimism Index will be

released at 1100GMT.

     St. Louis Federal Reserve Bank President James Bullard WILL deliver A

presentation on the U.S. Economy and Monetary Policy at the Economic Update

Breakfast in Louisville, Kentucky, with audience Q&A, starting at 1315GMT.

     The main US data, expected at 1330GMT, is the October PPI data.

     Final demand PPI is expected to rise 0.2% in October after a 0.4% increase

in the previous month. Energy prices are expected to decline after solid gains

in the previous two months, while food prices are expected to be roughly flat.

Excluding food and energy prices, PPI is forecast to rise 0.2% after an

above-expectation 0.4% increase in the previous month that was led by a 0.8%

jump in trade services prices.

     The latest Redbook Retail Sales Index will cross the wire at 1355GMT.

     Back in Europe, at 1430GMT, Bundesbank Board member Andreas Dombret

participates in Euro Finance Week 2017 - Banking Supervision, Resolution and

Risk Management in Europe, in Frankfurt.

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