MNI Global Morning Briefing

     LONDON (MNI) - Final manufacturing PMIs for the month of June dominate the

calendar early morning with Spain, Italy, France, Germany, the Euro Area and the

UK all reporting. The US also follow with their manufacturing PMI later on in

the day.

     Before this, car registrations data are published in France at 0645GMT. Y/Y

growth in car registrations was previously 0.2%.

     The penultimate piece of data before the manufacturing PMIs is

Switzerland's retail sales data at 0715GMT. Previously, y/y growth was 2.2%.

     Kicking off the PMI morning batch is Spain at 0715GMT. The previous reading

for Spain was 53.4. Half an hour later is Italy whose prior reading was 52.7.

Five minutes later at 0750GMT is France with a prior reading of 53.1 and Germany

at 0755GMT with a prior reading of 55.9.

     Putting these previous readings together for the Euro Area saw a prior

manufacturing PMI of 55.0 June's release for the Euro Area manufacturing PMI is

at 0800GMT.

     The UK at 0930GMT will be looking to build continued momentum after May

rose straight after April's fall. May's manufacturing PMI was 54.4.

     Moving swiftly to the afternoon, ECB Executive Board member Peter Praet

speaks in Helsinki at 1330GMT.

     Back to the manufacturing PMI data, the US's turn is at 1345GMT. The

previous manufacturing index reading was 54.6. Construction spending at 1400GMT

previously grew by 1.8%. ISM manufacturing previously had an index reading of

58.7 and is also released at 1400GMT.

     Australia close out the calendar with firstly dwelling approvals at 0130GMT

and then more importantly, the RBA cash rate decision at 0430GMT. Dwelling

approvals m/m previously declined by 5%. The RBA cash rate decision is

anticipated by analysts to see the cash rate unchanged from its prior 1.75%.

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