MNI US Morning Briefing

     LONDON (MNI) - Across the Atlantic the first release of the day is MBA

Weekly Applications Index at 0700ET.

     Also at 0700ET in UK arliament, the weekly session of questions to the

Prime Minister will take place.

     The US New York Fed Business Leaders Survey will be released at 0830E

     At 0855ET US Redbook Retail Sales Index will be published.

     US Industrial Production figures will hit the wires at 1415GMT. Industrial

production is expected to rise by 0.5% in December after a 0.2% gain in the

previous month. Factory payrolls rose by 25,000 in December, while auto

production jobs rose by 1,000. However, the factory workweek fell to 40.8 hours

from 40.9 hours in November. The ISM production index rose to 65.8 in the

current month from 63.9 in the previous month. 

     Several releases on the docket for 1000ET. The Bank of Canada will announce

their interest rate decision, the US NAHB Home Builder Index is published and

the US Senate Banking Committee is to vote on Jerome Powell's nomination to

serve as the Federal Reserve Chairman and Randall Quarles' nomination to serve

on the Federal Reserve Board of Governors.

     The Bank of Canada is likely to raise its policy interest rate 25 bps to

1.25% on Wednesday, according to an MNI survey of analysts, but they differ on

the pace and scope of tightening for the rest of 2018 and beyond.

     At 1115ET Bank of Canada Governor Stephen Poloz and Senior Deputy Gov

Carolyn Wilkins hold a post rate announcement press conference at the National

Press Theatre, Ottawa.

     At 1500ET Chicago Federal Reserve Bank President Charles Evans is to

participate in a moderated discussion at the "American Council of Life Insurers

Executive Roundtable" in Palm Beach, Florida, with audience and media Q&A.

     Dallas Federal Reserve Bank President Rob Kaplan to participate in a

moderated Q&A session at 1515ET. The session is at the "American Council of Life

Insurers Executive Roundtable" in Palm Beach, Florida, with audience and media

Q&A.

     At 2100GMT US TICS data will be published.

     Rounding off the day at 1630ET is an appearance from Cleveland Federal

Reserve Bank President Loretta Mester to discuss monetary policy communications

at the "Tangri Lecture at Rutgers University" in New Brunswick, New Jersey, with

audience and media Q&A.

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