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MNI European Morning Briefing

     LONDON (MNI) - The European economic docket begins at 0800GMT with Spanish
Unemployment data.
     At 0855GMT German Unemployment data is released.
     UK Markit/CIPS Construction PMI data is on the calendar for 0930GMT.
     Across the Atlantic US MBA Weekly Applications Index is the first release
from the US at 1200GMT.
     At 1355GMT US Redbook Retail Sales Index will be released.
     The US ISM-NY Manufacturing Index will be published at 1445GMT.
     Several data points on the schedule for 1500GMT from the US; ISM
Manufacturing Index, Construction Spending and Help Wanted Online Index are all
due.
     The ISM manufacturing index is expected to dip slightly to 58.0 in
December, down from the levels seen in September and October, but still
indicating strength. Most of the regional conditions data suggest growth
accelerated, but there were some regional declines that provide some downside
risk.
     Construction spending is expected to rise by 0.7% in November. Housing
starts rose further in the month, suggesting private residential building could
post a solid gain.
     Rounding off the day at 1900GMT is the key release of the session, US
Federal Reserve releases minutes from the December 12-13 FOMC meeting in
Washington.
     Also released during the session are US Domestic Motor Vehicle Sales
figures for December, the final numbers will hit the wires late in the US
session. Domestic-made vehicle sales are expected to tick up slightly to a 13.4
million annual rate in December after falling to a 13.3 million annual rate in
November. Seasonal adjustment factors will subtract from unadjusted sales in
December after adding to them in November.
--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com

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