MNI European Morning Briefing

     LONDON (MNI) - Its a reasonably quiet end to the calendar year data wise,

but the preliminary December German inflation data will keep traders at their

desks into the afternoon.

     The European data calendar gets underway at 0800GMT, with the publication

of the flash Spanish national inflation data and the German state of Saxony

flash numbers.

     Further German state inflation will be released throughout the morning

session.

     At 0900GMT, The latest EMU M3 money supply data will be published by the

European Central Bank.

     German Federal flash December inflation data will be released at 1300GMT

and is a bellwether release for markets.

     Across the Atlantic, there is little in the way of data, but the St. Louis

Fed's latest Real GDP Nowcast will be released at 1600GMT, with the NY Fed GDP

Nowcast expected at 1615GMT.

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