MNI Global Morning Briefing

     LONDON (MNI) - The main focus of attention on Tuesday morning will be the

publication of the UK Labour Report at 0930GMT and the ZEW current conditions

index for Germany at 1000GMT. In the U.S. the publication of factory orders at

1400GMT is worth noting.

     In December unemployment grew by 4% in the UK and average weekly earnings

3m/3m y/y increased by 3.4% in the same period. According to the MNI median

unemployment and awe 3m/3m y/y for January remain at their current levels. The

value for average weekly earnings including bonuses 3m/3m y/y was 3.4% in

December. The MNI median anticipates the awe including bonuses to increase by

3.2% in January.

     February's ZEW current conditions index was 15 whereas the ZEW current

expectations index was -13.4. The MNI median expects the current conditions

index to decline to 11.3 and the current expectations index to be -11 in March.

     Factory orders in the US are expected to rise by 0.2% in January after a

modest 0.1% gain in December. Factory orders excluding transport were declining

by 0.6% in December.

     ECB Executive Board member Peter Praet participates in a panel discussion

in Versailles at 0935GMT. In Canada, Finance Minister Bill Morneau presents the

2019 budget at 1800GMT. At 2350GMT the BOJ meeting minutes from January are

published.

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