MNI Global Morning Briefing

     LONDON (MNI) - The three key releases on Tuesday occur early doors, as the

U.S. remains on shutdown. At 0900GMT is the ECB Bank Lending survey is

published. The UK's November labour report is due at 0930GMT and Germany's

January ZEW Index is at 1000GMT.

     The only two public events of the day see ECB Vice-President Luis de

Guindos participating in the ECOFIN meeting in Brussels and the BOJ starting the

first of its two day policy meeting.

     The UK labour report is expected to see an unchanged reading in earnings

and the unemployment from October. In October, the unemployment rate was 4.1%

and average weekly earnings including and excluding bonuses were 3.3% on a 3M

Y/Y basis.

     Over to Germany and the ZEW current conditions index is anticipated to move

down to an index reading of 43.8 from 45.3 in December. The current expectations

index is also expected by the MNI median to move down to -18.5 from -17.5 in

December.

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