MNI Global Morning Briefing

     LONDON (MNI) - Its a limited European data calendar on Wednesday, but euro

area industrial production will be closely watched following the weak national

data released earlier this month.

     Also Wednesday, the US sees the release of the Feb PPI at 1230GMT. Data on

durable goods orders are being published at the same time for the US. In Europe

the release of the final CPI and HICP for Spain -- along with the industrial

production euro area data -- at 0800GMT and 1000GMT, respectively, are the

highlights.

     In January the final PPI decreased by 0.1%, but according to the MNI median

PPI is expected to increase by 0.2% in February. The value for PPI excluding

food and energy was 0.3% and further excluding trade it amounted for 0.2% in

January. The MNI median expects durable goods orders to decrease by 0.5% in

February after a rise of 1.2% in January. Durable goods orders excluding

transport are anticipated to rise by 0.1%.

     Spain's HICP in January was 1.1% y/y and 0.2% m/m. The MNI median expects

these figures to remain at their current levels. Industrial production for the

euro area was decreasing by 0.9% m/m and 4.2% y/y in January. February's values

are expected to recover slightly to 1.0% m/m and -2.1% y/y.

     At 0830GMT ECB Executive Board member Yves Mersch chairs a panel at Basel.

ECB Supervisory Board member Ignazio Angeloni speaks in Rome at 0845GMT and ECB

Executive Board member Benoit Coeure is on deck at 1700GMT in Milan.

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