MNI Global Morning Briefing

     LONDON (MNI) - Wednesday's data calendar is largely second tier, although

the euro area PPI

data due at 0700GMT will be closely watched.

     The Fed minutes will also be closely watched for further clues as to FOMC

thinking.

     The other data to headline will be the UK CBI Industrial trends survey and

the

EU consumer confidence data.

     Eurozone PPI fell 0.4% m/m and 2.7% y/y in December and is expected to fall

0.1%

m/m in January.

     The UK CBI survey is expected to show continued unease for manufacturers

ahead

of the March 29 Brexit date. The headline survey number was -1 in January, and

is expected to be lower this month.

     EU Consumer Confidence will be closely watched, to see whether the

headlines of

a slowing economy have impacted shoppers across the Continent.

     Speakers Wednesday include ECB Executive Board member Peter Praet, Dallas

Federal Reserve Bank President Rob Kaplan and San Francisco Federal Reserve Bank

President Mary Daly. 

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