MNI Global Morning Briefing

     LONDON (MNI) - Its a quiet data day in Europe Wednesday, but there is a

calendar full of central bank speakers.

     Speeches in Frankfurt from ECB President Mario Draghi at 0700GMT and then

ECB Executive Board member Peter Praet at 0730GMT get the day underway.

     The next batch of speeches is at 1200GMT with BBK Board member Claudia Buch

speaking in Frankfurt and at the same time ECB Executive Board member Yves

Mersch also in Frankfurt.

     Final demand PPI (1230GMT)is expected to rise only 0.2% in June after a

solid 0.5% gain in May. Energy prices are expected to show a more modest

increase following a 4.6% May surge, while food prices are expected to post

another small gain. Excluding food and energy prices, PPI is forecast to rise

0.3%, the same as in the previous month.

     New York Federal Reserve Bank Executive Vice President Simon Potter speaks

in New York at 1355GMT.

     US wholesales trade data is at 1400GMT. Wholesale inventories is expected

to have grown from 0.1% previously to 0.6%. Prior wholesale sales were 0.8%.

     In Canada, BOC Governor Stephen Poloz and Senior Deputy Governor Carolyn

Wilkins speak in Ottawa, Canada at 1515GMT.

     Next at 1530GMT is ECB Supervisory Board chair Daniele Nouy speaking in

Frankfurt.

     Moving rapidly to the evening, at 2030GMT is New York Federal Reserve Bank

President John Williams speaking in Brooklyn.

     The Melbourne Institute Inflation expectations survey at 0100GMT in

Australia closes the calendar. The prior inflation expectation trim mean was

4.2%.

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