MNI Global Morning Briefing

     LONDON (MNI) - Wednesday is another important date for the UK with the

release of CPI, PPI and the ONS house price index at 0930GMT and the publication

of CBI industrial trends at 1100GMT. In Germany data on PPI will be released at

0700GMT.

     The UK CPI m/m is expected to increase by 0.4% in February after a 0.8%

decrease in January. On a year-on-year basis the CPI increased by 1.8% in the

previous month whereas the core CPI grew by 1.9% in Jan. According to the MNI

median both the CPI y/y and the core CPI y/y are anticipated to remain at these

levels for the current release.

     In February the UK PPI y/y for output as well as input is expected to

increase by 2.2% and 4.3%, respectively, after a rise of 2.1% and 2.9% in

January. The ONS house price index was 2.5% in Jan and the MNI median expects

this figure to remain at the current level. The CBI order books balance is

expected to decline from 6 to 5.

     In Germany the PPI m/m was 0.4% in January whereas the PPI y/y grew by

2.6%. For February the MNI median anticipates an increase of 0.2% and 2.9%,

respectively.

     At 1800GMT the FMOC statement will be released in the US and Fed Chairman

Jerome Powell holds a news conference following the FOMC meeting at 1830GMT.

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