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MNI US Morning Briefing

     LONDON (MNI) - Across the Atlantic focus will be on the US tax bill. The
bill passed the House last night and was sent to the Senate, but due to some
procedural errors will have to have some small amendments and go back to the
House, US President Trump still seems confident he can sign the bill before
Christmas.
     The first release of the day in the US is the MBA Weekly Applications Index
at 1200GMT.
     Also at 1200GMT UK Prime Minister May will face another round of PMQ's
after securing the much coveted "sufficient progress" stamp from the EU last
week, but the questions comes amid reports of rifts in the cabinet over the
shape of the final Brexit deal.
     At 1300GMT ECB Governing Council member Jens Weidmann will give a speech at
the Analysis Forum, in Milan , Italy.
     BOE Governor Mark Carney and FPC members will appear in front of the
Treasury Select Committee speaking on the November Financial Stability Report at
1315GMT.
     At 1330GMT Wholesale Trade figures and Payroll Employment data are
released.
     Belgian Business Confidence will be published at 1400GMT.
     At 1500GMT NAR Existing Home Sales are released. The pace of existing home
sales is expected to accelerate further to a 5.51 million annual rate in
November after a small uptick in October. Pending home sales surged in October,
but were still down modestly from a year earlier. Supply fell by 3.2% in October
and remains sharply lower from a year earlier, an indication that the supply
shortage continues.
     Rounding off the day at 1530GMT are the weekly DoE Crude Inventory figures.
--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com

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