MNI European Morning Briefing

     LONDON (MNI) - Friday's calendar gets underway with Germany's triple

release of labour costs, industrial production and trade balance at 0700GMT.

Analyst estimates suggest industrial output growth of 0.4% m/m

     France release their industrial production figures at 0745GMT with analysts

pencilling in flat growth m/m.

     Spain will release their industrial production figures at 0800GMT.

     In Frankfurt, the ECB will hold a strategic high-level meeting on Cyber

resilience for Pan-European Financial Market Infrastructures at 0830GMT with ECB

Executive Board member Benoit Coeure providing his introductory remarks. This

will be followed at 0845GMT by ECB Executive Board member Sabine

Lautenschlaeger's speech at the meeting.

     Moving back to output figures, 0930GMT sees the quadruple release of UK

Industrial Production (IOP), Manufacturing, Construction and Trade. Analysts

expect a recovery in IOP with estimates of month-over-month growth pencilled in

at 1.5% versus a prior drop of -1.3% and year on year growth at 2.5% versus flat

growth previously.

     Canada's labour force survey and capacity utilization figures will be

released at 1330GMT. The US also kick off at the same time with the US

Employment Report.

     The US see out the last day of the week with wholesale trade figures at

1500GMT followed by The St. Louis Fed Real GDP Nowcast at 1600GMT. The NY Fed

GDP Nowcast is straight after this at 1615GMT.

     The calendar concludes with Chicago Federal Reserve Bank President Charles

Evans to speak at the Manhattan Institute Shadow Open Market Committee in New

York, with audience and media Q&A at 1745GMT.

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