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MNI European Morning Briefing

MNI (London)
     LONDON (MNI) - The calendar picks up where it left off on Wednesday with
Europe and US dominating the schedule. 
     The European calendar kicks off at 0645GMT, with Switzerland publishing
their unemployment data. 
     At 0700GMT, Germany release their January manufacturing orders which had
double-digit gains in 3Q17 and 4Q17 due to extremely strong industrial orders.
Analysts expect a reigning in of orders, pencilling in a 1.6% m/m contraction.
     The Bank of France releases the February Business Survey at 0745GMT. 
     At 1100GMT, the OECD Leading Indicator for the EU will be released. 
The US calendar kicks off at 1230GMT, with the publication of the Challenger
Monthly Layoff Intentions. 
     The announcement of the ECB monetary policy decision comes at 1245GMT in
Frankfurt. The bank's former chief economist Jurgen Stark argues the ECB are
"... falling behind the curve..." and policy will take time to normalise. 
     In Canada, the CMHC will be released at 1315GMT and both the Building
Permits data and the New Housing Price Index Y/Y at 1330GMT. 
     US jobless claims (released at 1330GMT), is expected to rise by 10,000 to
220,000 in the March 3 week, fully reversing the 10,000 decline in the previous
week to a 49-year low. 
     At the same time, the EU Press Conference will be held following the
Governing Council meeting of the ECB, in Frankfurt.
In the US, the Bloomberg Comfort Index comes out at 1445GMT. 1500GMT sees the
simultaneous release of Services Revenues and QCEW and at 1530GMT, Natural Gas
Stocks are to be released. Domestic non-financial debt figures for Q417 will be
released by the Fed at 1700GMT. 
The BOC Deputy Gov Timothy Lane's speech on Economic Progress at 2035GMT comes
off the back of the overnight rate remaining unchanged to facilitate "... the
economy operating close to potential".
The daily calendar concludes at 2130GMT, with the US Fed releasing the Weekly
Money Supply Data. 
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
--MNI London Bureau; +44 203 865 3828; email: jai.lakhani@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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