MNI Global Morning Briefing

     LONDON (MNI) - Friday's calendar illustrates a week that has been maxed

out, with very little data to report on.

     Starting in the Euro Area at 0800GMT, the Euro-Zone current account data

will cross the wires. Previously, the current account had a surplus of EUR22.0

bn. The final EZ HICP inflation rate is expected at 0900GMT. Analysts anticipate

the y/y rate to remain at 2.1%.

     Moving straight to the afternoon and at 1230GMT is consumer price index

data in Canada. As with the Euro Area, analysts anticipate no change in the y/y

rate from a previous 2.5%.

     Two releases worth looking at in the US are the index of leading indicators

and ehe Michigan Sentiment Index at 1400GMT.

     The index of leading indicators is forecast to rise by 0.5% in July.

Positive contributions are expected from a dip in initial claims and higher

stock prices, offset by a drop in consumer expectations and lower ISM new

orders.

     The Michigan Sentiment index is expected to rebound to 98.4 in early-August

after dipping to 97.8 in July. The data suggest little concern at this point

about the impacts of a trade war.

     At 1500GMT, the St Louis Fed GDP Nowcast is set for release, followed by

the NY Fed Nowcast at 1515GMT.

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