MNI European Morning Briefing

     LONDON (MNI) - The European data docket kicks off at 0800GMT with Spanish

Unemployment figures.

     At 0930GMT UK Markit/CIPS Construction PMI is released.

     At 1000GMT Eurozone inflation data is on the calendar, preliminary HICP and

PPI figures will both be published.

     Also at 1000GMT ECB Executive Board member Benoit Coeure will deliver a

speech at conference on "Deepening of EMU" followed by a panel discussion

organised by the University of Ljubljana, in Kranj, Slovenia.

     Across the Atlantic proceedings kick off with a bang at 1330GMT, US

Employment Report will hit the wires. Nonfarm payrolls are forecast to rise by

185,000 in January after a below-expectation reading in December. Benchmark

revisions to the establishment survey data will be included in this month's

report. The unemployment rate is expected to stay at 4.1%. Hourly earnings are

forecast to rise 0.2% after a 0.3% gain, while the average workweek is expected

to hold steady at 34.5 hours for the third straight month.

     At 1445GMT ISM-NY Manufacturing Index data is on the schedule.

     At 1500GMT US Factory New Orders and Final Michigan Sentiment Index will be

released. Factory orders are expected to rise by 1.5% in December. Durable goods

orders rose 2.9% in the month on a surge in aircraft orders, while nondurables

orders are expected to rise further. Factory orders are expected to still be

strong ex. the transportation component. Durable orders excluding transportation

rose by 0.6%.

     The Michigan Sentiment index is expected to be revised slightly to a

reading of 95.0 from 94.4.

     The St. Louis Fed release their Real GDP Nowcast at 1600GMT, followed

swiftly by the New York Fed GDP Nowcast at 1615GMT.

     At 1830GMT Dallas Federal Reserve Bank President Rob Kaplan is to

participate in a moderated Q&A at the Teacher Retirement System of Texas Annual

Conference in Austin, with audience and media Q&A.

     Rounding off the day at 2030GMT San Francisco Federal Reserve Bank

President John Williams will deliver the keynote address to the "Financial Women

of San Francisco" in San Francisco, with audience Q&A.

--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com