MNI European Morning Briefing

     LONDON (MNI) - There is a packed data docket to finish off the week. First

up are French Q2 advance GDP figures at 0630GMT, swiftly followed by French

Housing Starts/Permits, Consumer Spending and HICP data at 0645GMT.

     Spain release their GDP figures for Q2 and June HICP data at 0700GMT,

markets will get Swiss KOF Economic Barometer at the same time.

     At 0900GMT comes the EU Economic Sentiment and Business Climate Indicators

along with Consumer Confidence and Industrial Sentiment.

     During the morning regional German CPI figures will be released and the

aggregate German HICP data is released at 1200GMT.

     Across the Atlantic things get underway with the main release of the day,

advance US Q2 GDP figures at 1230GMT. GDP is expected to rise 2.7% after a 1.4%

increase in the previous quarter. The key factors are expected to be stronger

PCE growth and inventory accumulation and slightly improved nonresidential fixed

investment, offset by softer residential fixed investment growth and modestly

wider trade gap.

     Also at 1230GMT is the release of US Employment Cost Index as well as

Canadian GDP by Industry.

     At 1400GMT the release of the final University of Michigan Sentiment Index

is scheduled. The index is expected to be revised up slightly to 93.2 in July,

still down from 95.1 in June

     Scheduled for release at 1500GMT is the St. Louis Fed Real GDP Nowcast,

swiftly followed by NY Fed GDP Nowcast at 1515GMT.

     At 1720GMT Minneapolis Federal Reserve Bank President Neel Kashkari to

speak at a moderated Q&A at the Woodbury Area/St. Paul Chamber of Commerce

event.

     Rounding off the day is the CFTC COT Report at 1930GMT.

--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com