MNI European Morning Briefing

     LONDON (MNI) - Wednesday throws up a full calendar on both sides of the

Atlantic, with the flash manufacturing and services PMI data likely to headline.

     The European calendar gets underway at 0800GMT with the publication of the

Spanish services survey and industrial orders data.

     At 0800GMT, French flash PMI data will be released, with German data at

0830GMT and EMU amalgamated data at 0900GMT.

     The main UK data is expected at 0930GMT, with the publication of the

December Labour survey and the January public services.

     The UK's January Public Sector Finances Data will show how government

borrowing fared in the tenth month of the fiscal year. The MNI median

expectation, taken from a poll of analysts, looks for a stg9.0bn borrowing

surplus in January, excluding public sector banks balance, below the outcome in

January 2017.

     The jobs market health-check will show if there were any signs of changes

to key metrics. The MNI median expectations, taken from a poll of analysts,

looks for an unchanged jobless rate of 4.3% alongside a moderation in total

earnings growth to 2.4% 3m y/y.

     Also at 0930GMT, Buba Board member Andreas Dombret speaks at the 2nd

Hessian Regional Bank Conference, in Brussels.

     Across the Atlantic, the US calendar gets underway at 1200GMT, when the MBA

weekly applications index is published.

     At the same time, UK Prime Minister Theresa May takes questions in

Parliament at the regular PMQs session.

     The current week's Redbook Retail Sales Index will be published at 1255GMT.

     Philadelphia Federal Reserve Bank President Patrick Harker speaks at

1400GMT, with an audience Q&A.

     Bank of England Governor Mark Carney, along with Dep Gov Broadbent, Chief

Economist Andy Haldane and MPC member Silvana Tenreyro all appear before the

Commons Treasury Select Committee, starting at 1415GMT.

     At 1445GMT, the US Manufacturing and Services flash PMIs will be released,

followed by the NAR existing home sales data at 1500GMT.

     The minutes of the Federal Reserve January 30-31 FOMC meeting will be

published at 1900GMT.

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