MNI European Morning Briefing

     LONDON (MNI) - The European economic docket kicks off at 0630GMT with

French Unemployment data.

     At 0700GMT Eurozone ACEA Car Registrations are due.

     Final Spanish HICP data will hit the wires at 0800GMT.

     At 0815GMT ECB Executive Board member Yves Mersch will give a speech at the

"Rencontres du Club SEPA", in Paris.

     At 1000GMT Eurozone Trade Balance figures will be released.

     ECB Executive Board member Peter Praet will participate in a panel

discussion at a conference jointly organised by the French Treasury and the IMF,

in Paris at 1045GMT.

     At 1130GMT Bundesbank Board member Joachim Wuermeling gives a speech at

SAFE Policy Lecture, in Frankfurt.

     ECB Executive Board member Sabine Lautenschlaeger gives a speech at Dutch

Banking Day 2018 organised by De Nederlandsche Bank , in Amsterdam at 1200GMT.

     Across the Atlantic US weekly Jobless Claims are released at 1330GMT. The

level of initial jobless claims is expected to rise by 7,000 to 228,000 in the

February 10 week after a 9,000 decline in the previous week. The four-week

moving average would rise by 3,000 in the coming week, as the recent-low 216,000

level in the January 13 week drops out of the calculation, assuming the MNI

forecast is correct and there are no revisions.

     Also at 1330GMT are US PPI figures, US Empire State Manufacturing Survey

and US Philadelphia Fed Manufacturing Index.

     Final demand PPI is expected to rise 0.3% in January after a revised flat

reading in December. Energy prices are expected to rebound after a flat December

reading, while food prices are expected to rise modestly after 0.7% decline.

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

below-expectation 0.1% decrease in the previous month that was led by a drop in

trade services.

     The Empire State index is expected to rise slightly to a reading of 17.9,

while the Philadelphia Fed reading is forecast to slip further to a reading of

21.3 after falling to 22.2 in the previous month.

     At 1400GMT Canadian CREA Home Sales will be published.

     US Industrial Production figures are on the docket at 1415GMT. Industrial

production is expected to rise only 0.2% in January after a 0.9% spike in the

previous month, even as manufacturing posted only a modest 0.1% December

increase. Factory payrolls rose by 15,000 in January, while auto production jobs

rose by 3,000, but the factory workweek was slipped by 0.2 hours to 40.6 hours

and will likely drag down manufacturing production. The ISM production index

fell to a still strong 64.5 in the current month from 65.2 in the previous

month. Utilities production is expected to decline in the month after a 5.6%

December gain, but mining production is forecast to rise further. Capacity

utilization is forecast to rise modestly to 78.0% from 77.9% in December.

     At 1445GMT the US Bloomberg Comfort Index is due.

     The US NAHB Home Builder Index is on the schedule at 1500GMT, followed by

US Natural Gas Stocks data at 1530GMT.

     At 1830GMT Bank of Canada Deputy Gov Lawrence Schembri speech at the

Manitoba Association for Business Economics, Winnipeg, MB.

     US Treasury International Capital data is due at 2100GMT.

     Rounding off the day at 2130GMT is US Fed Weekly Money Supply Data.

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