MNI Global Morning Briefing

     LONDON (MNI) - The three key releases to end the week are October retail

sales in Germany at 0700GMT, flash November Euro Area inflation and unemployment

readings at 1000GMT and the MNI Chicago Report at 1445GMT.

     Retail sales were weak in October for Germany declining by 2.6% y/y, after

a 1.5% rise in September.

     ECB Executive Board member Yves Mersch speaks at the TIPS launch event in

Rome.

     Euro Area inflation is anticipated to fall below the 2.2% y/y reading in

October to 2.1%. The downward pressure expected is likely due to the fall in oil

prices during the month of November as well as Germany and Spain seeing their

flash HICP y/y significantly lower than in October. The core y/y rate however is

expected to remain unchanged from October's reading of 1.1%.

     Euro Area unemployment is expected to drop 0.1pp to 8.0% m/m in November.

The 8.1% reading in October was a near 10 year low.

     At 1245GMT, ECB Executive Board member Benoit Coeure attending a panel on

international macroeconomic and finance hosted by the ECB, the Federal Reserve

Board and the Federal Reserve Bank of New York in Frankfurt.

     The MNI Chicago PMI is expected to rise very slightly to a reading of 58.5

in November after a small downtick to 58.4 in October. Other regional data

already released have been mixed, with the Empire State index up and the

Philadelphia Fed index down.

     Concluding the speeches at 1400GMT, New York Federal Reserve Bank President

John Williams speaks in New York.

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