MNI Global Morning Briefing

     LONDON (MNI) - Three releases to watch out for on Wednesday are the Q3

flash GDP estimate for Germany at 0700GMT, UK October CPI data at 0930GMT and

the Q3 flash estimate for Euro Area GDP at 1000GMT. 

     GDP for Q2 in Germany was 0.5%. However, the MNI median points to Q3

showing negative growth in Germany at -0.1% q/q. This would be the lowest GDP

q/q growth since Q1 2015. The q/q growth in Q4 2014 however was 1.0%. 

     BBK Board member Burkhard Balz at the Euro finance week conference in

Frankfurt from 0815GMT. Fifteen minutes later, in Berlin, ECB Governing Council

member Jens Weidmann speaks. 

     UK CPI moderated in September to 2.4%, whilst the core rate dropped to 1.9%

from 2.1% previously. The MNI median anticipates a rise in the headline rate to

2.5%, however core CPI is expected to remain unchanged from September's reading.

     Both BBK Board member Claudia Buch and Joachim Wuermeling speak regarding

the Financial Stability Report 2018 in Frankfurt at 1000GMT. Thirty minutes

later is BBK Board member Burkhard Balz continuing to speak at the Euro finance

week in Frankfurt. 

     In line with the slowdown in Germany, Euro Area GDP is pencilled in for a

Q3 decline to 0.2% q/q from 0.4% in Q2. 

     Over to the U.S. for two speeches at 1400GMT and 2200GMT. At 1400GMT is US

Federal Reserve Vice-Chairman for Supervision Governor Randal Quarles to provide

a semi-annual testimony to the House of Representatives Financial Services

Committee. The final speech at 2200GMT is Dallas Federal Reserve Bank President

Robert Kaplan and Federal Reserve Chairman Jerome Powell discussing national and

global economic issues. 

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