MNI Global Morning Briefing

     LONDON (MNI) - Although US markets remain becalmed as traders bridge the

Thanksgiving holiday into the weekend, there is plenty of data on offer from the

European side of the Atlantic, with flash inflation data the highlight.

     French flash inflation and flash CPI will all be published at 0745GMT,

alongside final Q3 GDP data.

     Other data set for release in the morning includes the KOF economic

barometer for Switzerland, German unemployment data and UK money supply and

lending data for October.

     The main Euro area release will come at 1000GMT, when the November flash

inflation data is published.

     Euro area inflation is seen ticking higher in November, but still sitting a

long

way shy of the ECB's target range. The median expectations were in place before

the release of the German data Thursday and the weakness in their November m/m

readings would suggest downside risk, although there was little in the Y/Y

numbers to suggest a deviation from the expectations. Thursday's Spanish data

was also largely in line with expectations. October HICP is seen at down 0.4%

m/m, with y/y at 0.9%. Core is seen coming in at 1.2% y/y.

     Italian inflation data will be published at the same time, with final GDP

at 1100GMT.

     There is no US data on the calendar, but Canadian Q3 GDP and industrial

production data will be published.

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