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MNI Global Morning Briefing

MNI (London)
     LONDON (MNI) - Germany, as it the case most mornings, start us off Tuesday.
     Starting at 0600GMT in Germany, retail sales will be released. Prior data
showed m/m and y/y growth of -0.7% and 2.3% respectively.
     Car registration in France follows as 0700GMT, with a prior y/y growth of
4.3%.
     Spain's unemployment figures previously had prior m/m and y/y at negative
0.18% and 7.48% respectively. At 0700GMT, the data will show if this trend will
continue.
     Manufacturing PMI sweeps across Europe with data across Spain, Italy,
France, Germany, Eurozone and the UK.
     At 0715GMT, Spain's Final Manufacturing PMI will be released after a prior
index figure of 56.0. Next, is Italy at 0745GMT with a slightly higher prior
figure of 56.8
     Don't go anywhere just yet as almost immediately after at 0750GMT is
France's manufacturing PMI followed by Germany at 0755GMT and Eurozone as a
whole at 0800GMT. The prior figures as expected show Germany carrying the fort
with figures of 53.6, 58.4 and 56.6 respectively.
     Now is time for the coffee break but make it quick as 0830GMT sees the UK
release its Manufacturing PMI. MNI Analyst anticipate a reduction in its prior
figure of 55.2 to 54.5.
     The Redbook Retail Sales Index (1255GMT) with previous m/m growth of 0.1%
gets the US calendar moving and is followed up at 1330GMT with Minneapolis
Federal Reserve Bank President Neel Kashkari to participate in a moderated Q&A
at the Regional Economic Indicators Forum in Duluth, Minnesota.
     Moving to New York at 1345GMT the ISM Current Conditions Index will be
released off the back of a prior figure of 54.5. Shortly after at 1400GMT, the
IBD/TIPP Optimism Index with a prior reading of 55.6. Motor Vehicle Sales (also
at 1400GMT) conclude a fairly quiet afternoon with a prior NA-made light vehicle
sales SAAR of 12.8 units.
     For all those avid shoppers keen to see the trends, the BRC Monthly Shop
price Index at 2301GMT will be released.
     This is followed by Australia releasing their Dwelling Approvals and Retail
Trade Monthly at 0130GMT. Dwelling approvals m/m was up 17.1% and retail trade
m/m growth was previously at 0.1%.
     Shortly after at 0145GMT, China's Caixin Services PMI will be released with
a prior reading of 54.2.
--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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