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MNI US Morning Briefing

MNI (London)
     LONDON (MNI) - Wednesday's US calendar kicks off at 0700ET, when the MBA
weekly applications index is released.
     At 0830ET, the second estimate of US Q4 GDP will be published.
     Fourth quarter GDP is expected to be revised down to a 2.5% rate of growth,
as stronger fixed investment is offset by downward revisions to other
components. The chain price index is expected to be unrevised at a 2.4% rate.
     Canadian Industrial Product and Raw Material Price Index will be released
at the same time.
     Bundesbank Board member Andreas Dombret participates in discussion at
International Bankers Forum IBF "Bank of the Future", in Frankfurt, also at
0830ET.
     At 0900ET, the Milwaukee Manufacturing ISM index will be published,
followed by the MNI Chicago PMI at 0945ET.
     The MNI Chicago PMI is expected to decline further to a reading of 64.0 in
February after dipping to a still-strong reading of 65.9 in January. Other
regional data already released were mixed.
     At 1000ET, the NAR pending home sales data will be released, with the DOE
weekly crude oil stocks expected at 1030ET.
     Bundesbank board member Carl-Ludwig Thiele speaks at the Bundesbank Forum,
in Frankfurt, starting at 1200ET.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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