MNI European Morning Briefing

     LONDON (MNI) - There is no economic data on the Continent Monday and

housing market data will be the main focus in both the UK and the US.

     The UK calendar will kick off at 0700GMT, with the release of the February

Nationwide House Price Index. At 0930GMT, the BBA January mortgage lending data

will be published.

     ECB Executive Board member Benoit Coeure will speak at the first meeting of

the Working Group on Euro Risk-Free Rates organised by the ECB, in Frankfurt,

starting at 1000GMT.

     At the same time, Bundesbak Board member Carl-Ludwig Thiele speaks at the

New Year's Reception 2018 of the Bremen's Bundesbank head office, in Hanover,

Deutschland.

     Across the Atlantic, at 1300GMT, St. Louis Federal Reserve Bank President

James Bullard will present on the U.S. Economy and Monetary Policy at the 34th

Annual NABE Economic Policy Conference in Washington, with audience Q&A.

     Back in Europe, at 1400GMT, ECB President Mario Draghi will deliver his

introductory statement at the ECON Hearing at the European Parliament, in

Brussels.

     The US data due at 1500GMT includes January new home sales and the building

permits revisions.

     New home sales are expected to accelerate to a 647,000 annual rate in

January following a reversal in December. Unadjusted sales were still up 10.3%

from a year earlier. Home supply was modestly higher in December, so the months

supply rebounded to 5.7 months from 4.9 months in November. Even so, there

should be adequate homes available for sale when demand returns.

     The Dallas Fed manufacturing survey will be released at 1530GMT.

     BOE Dep Governor Jon Cunliffe speaks at Warwick University from 1800GMT.

Then, at 2015GMT, Federal Reserve Vice Chairman for Supervision Randal Quarles

speaks at the 34th Annual National Association for Business Economics Economic

Policy Conference in Washington, with audience Q&A.

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