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MNI Global Morning Briefing

MNI (London)
     LONDON (MNI) - The main releases worth noting Friday are Europe December's
final services PMI reading at 0900GMT, the UK's November money and credit data
at 0930GMT, the flash EZ inflation data at 10GMT and December US nonfarm
payrolls at 1330GMT.
     Europe's services PMI fell two points in November to 51.4.
     Mortgage approvals in the UK are expected to fall from 67,100 in October to
66,500. Net consumer credit however is expected to post a slight recovery from
stg0.9 bn in October to stg1.0 bn.
     The Euro area flash inflation report is due at 1000gmt
     Nonfarm payrolls are forecast to rise by 180,000 in December after a
weaker-than-expected 155,000 rise in November, a payback from the previous
month's sharp increase. The unemployment rate is expected to stay at 3.7% in the
previous three months, with annual revisions to the household survey possibly
altering the recent picture. Hourly earnings are forecast to rise by 0.3%. A
0.4% gain in December 2017 provides a high hurdle for the monthly change this
year to reach to keep the 3.1% year/year rate intact. The average workweek is
expected to rebound to 34.5 hours after dipping to 34.4 hours in November.
--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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