MNI Global Morning Briefing

     LONDON (MNI) - A soft calendar is like a cold which can't be shaken off

with the calendar currently showing signs of the flu.

     Monday's calendar has little in the way of data, with a lot of speeches

dominating the schedule. However, is also the key data point of the week as will

be shown by MNI analysis with the RBA board meeting minutes in Australia.

     The calendar starts at 0630GMT with the release of the BoF Business Survey.

Previously, both the manufacturing and services sentiment index values were at

103.0.

     Next up, at 0645GMT, Cleveland Federal Reserve Bank President Loretta

Mester speaks in Paris.

     Moving swiftly to the late morning, at 1000GMT, the OECD leading indicator

in Europe is released. The previous index value was 100.1

     ECB Executive Board Member Sabine Lautenschlaeger speaks in Copenhagen,

Denmark at 1015GMT.

     Moving to the afternoon at 1245GMT, San Francisco Federal Reserve Bank

Executive Vice President Mary Daly speaks in London, England. this is followed

up at 1340GMT by St Louis Fed President James Bullard speaking in New York.

     At 1500GMT is ECB Executive Board member Sabine Lautenschlaeger speaks

again in Copenhagen. The next speech comes at 1615GMT, when ECB Executive Board

member Peter Praet speaks in London on gender and career progression. Executive

Board member Benoit Coeure speaks in honour of Charles Wyplosz from 1745GMT.

     The next batch of speeches is at 2020GMT with New York Federal Reserve bank

Executive Vice President Kevin Stiroh speaking in Toronto, Canada.

     RBA Deputy Governor Guy Debelle speaks at the CFO Forum in Sydney,

Australia at 2300GMT.

     What the calendar has been geared toward and waiting for is the 0130GMT RBA

board meeting minutes. In April, the Board decided to leave the cash rate

unchanged at 1.5%. RBA Deputy Governor Guy Debelle will speak via video link to

the ISDA forum in Hong Kong after the minutes have been published.

     Finishing the calendar at 0200GMT, China publish their fixed-asset

investment, industrial output and retail sales data. Previously, year-on-year

growth for all three of these releases was at 7.5%, 6.0% and 10.1% respectively.

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