MNI European Morning Briefing

     LONDON (MNI) - The data calendar slows down somewhat Friday, but there is

still plenty on the calendar to keep markets occupied ahead of the keynote US

employment report.

     The European calendar gets underway at 0700GMT, with the publication of the

German labour costs and the trade data.

     The French October industrial production data will cross the wires at

0745GMT.

     In the UK, at 0930GMT, the latest construction output data will be

published, alongside the manufacturing and industrial output data. The November

trade data will also be published, as will the Bank of England inflation

expectations data.

     Across the Atlantic, the calendar gets underway at 1315GMT, with the

publication of the Canadian CMHC Housing Starts.

     The main US release is due at 1330GMT, when the November jobs report cross

the wire.

     Nonfarm payrolls are forecast to rise by 200,000 in November after

hurricane-related fluctuations in September and October, while the unemployment

rate is expected to hold steady at 4.1% in October. Hourly earnings are forecast

to rise by 0.3% after a flat October reading and a 0.5% surge in September, and

the average workweek is expected to continue at 34.4 hours, where it has been

for the last four months

     At 1500GMT, the US wholesale trade and the final University of Michigan

Sentiment Index will be released.

     The Michigan sentiment index rise slightly to a reading of 99.0 in early

December from 98.5 in November.

     The St. Louis Fed Real GDP Nowcast will be published at 1600GMT, with the

NY Fed GDP Nowcast at 1615GMT.

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