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MNI Global Morning Briefing

MNI (London)
     LONDON (MNI) - The three key data releases on Wednesday are Germany's
November Gfk consumer climate at 0700GMT, the October ECB M3 data at 0900GMT and
probably the data release which will have the most attention amongst markets is
US Q3 GDP at 1330GMT.
     The consumer climate for Germany was 10.6 in October. The index is expected
to drop 0.1 points to 10.5 in November.
     The ECB M3 data at 0900GMT grew by 3.5% y/y in September. The MNI median
points to y/y growth of 3.6% in October.
     ECB Executive Board member Benoit Coeure speaks in Frankfurt at 1215GMT.
     At 1300GMT, ECB Vice-President Luis de Guindos speak in Luxembourg.
     US GDP for the third quarter is expected to be revised up very slightly to
a 3.6% increase from a 3.5% gain in the advance estimate, with only modest
adjustments to the components. The chain price index is expected to be unrevised
at a 1.7% pace.
     ECB Executive Board member Peter Praet speaks in Luxembourg at 1520GMT.
     Concluding the speeches US Federal Reserve Bank Chairman Jerome Powell
speaks at 1700GMT in New York.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@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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