MNI Global Morning Briefing

     LONDON (MNI) - Monday's calendar starts early, with the Swiss unemployment

data at 0545GMT. The previous unemployment rate was 2.6%.

     Next up at 0600GMT is Germany's trade balance. The previous m/m trade

balance was EUR19.4 bn.

     Shortly after at 0615GMT, BOJ Osaka branch manager Yasuhiro Yamada holds a

news conference.

     France's business survey (0645GMT) previously had a manufacturing sentiment

index reading of 100 and a services sentiment index reading slightly higher at

101.

     Two ECB speeches close out the morning and early afternoon with one by ECB

Executive Board member Peter Praet speaking in Frankfurt at 0700GMT and

President Mario Draghi speaking in Brussels at 1300GMT. Sandwiched in between

the speeches is the OECD Leading Indicator at 1000GMT which previously had a

reading of 99.9.

     Minneapolis Federal Reserve Bank President Neel Kashkari continues the

flurry of speeches at 1310GMT in Minnesota.

     ECB Governing Council member Philip R. Lane participates in a panel

discussion in London at 1500GMT.

     Month on month consumer credit in the states is at 1900GMT. For the month

of April, consumer credit went up by USD 9.26 billion, the smallest monthly gain

in consumer credit since September.

     Moving to the late evening and at 2301GMT is the BRC-KPMG shop sales

monitor. In May, total sales rose by 4.1% y/y whilst like for like sales were up

by 2.8%.

     China at 0130GMT release their CPI and PPI data. Analysts anticipate a rise

in the CPI y/y figure from 1.8% to 1.9%. PPI y/y is expected to also increase

from 4.1% previously to 4.5%.

     Also at 0130GMT and finishing the calendar is the NAB Monthly Business

Survey in Australia. The previous business conditions and business confidence

values were 15 and 6 respectively.

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