MNI US Morning Briefing

     LONDON (MNI) - There is plenty of data on both sides of the Atlantic

Friday, although headlines will largely come from Brussels where the EU27 will

meet to discuss Brexit.

     Across the Atlantic, the calendar kicks off at 0830ET, with the publication

of the Canadian CPI and retail sales data.

     At 1000ET, the US NAR existing home sales data will cross the wires with

the BLS State Employment numbers expected at the same time.

     The pace of existing home sales is expected to decelerate further to a 5.30

million annual rate in September after falling in each of the last three months.

Sales were likely set back by the hurricanes, but could rebound early in 2018

due to the back-up of sales that could not be processed in the impacted areas.

Pending home sales fell by 2.6% in August, a downside risk for the existing home

sales data in September. Supply fell 2.1% in August and was down 6.5% from a

year earlier, an indication of that supply shortage continues. In areas impacted

by the hurricanes, the shortage of new homes for people to trade up to will

likely continue for some time.

     The St. Louis Fed Real GDP Nowcast will be released at 1100ET, with the NY

Fed GDP Nowcast expected at 1115ET

     At 1400ET, Cleveland Federal Reserve Bank President Loretta Mester speaks

on a panel at "The Future of Global Finance: opulism, Technology and Regulation"

conference in New York City, with an audience and media Q&A.

     At 1930ET, Federal Reserve Chair Janet Yellen will deliver a lecture on

"Monetary Policy Since the Financial Crisis" at the NEC Herbert Stein Memorial

Lecture and Annual Members Dinner in Washington, with audience Q&A.

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