MNI Global Morning Briefing

     LONDON (MNI) - Tuesday sees a fairly muted calendar, kicking off at

0630GMT, with French Q2 non-farm payrolls. The q/q growth rate was previously

0.2% for Q1.

     Next up, at 0830GMT, the UK unemployment data for July will be publsihed.

This comes after yesterday's strong July GDP reading. The unemployment rate of

4.0% from June is expected to remain unchanged from July. Average weekly

earnings are expected to remain unchanged from 2.4% 3M y/y in June, however

stripping out bonuses sees core earnings expected to pick up from 2.7% in June

to 2.8% in July, again on a 3M y/y basis.

     Moving to the EU, their employment data for the second quarter is at

0900GMT. The previous q/q growth for Q1 was 0.4%. The y/y rate was previously

1.4%.

     The German ZEW Sentiment index for September is also at 0900GMT. The

current conditions index for August had a reading of 72.6 and is anticipated to

drop to 72.0. The current expectations index for August was at -13.7 and is

forecasted to move upward to -12.7 for September.

     At 1200GMT is ECB Supervisor board chairman Daniele Nouy speaking in

Strasbourg, France.

     Shortly after this at 1215GMT is housing starts data by the Canadian

Mortgage and Housing Corp for the month of August. July had a previous reading

of 206.3 thousand and is expected to rise to 210 thousand for August.

     In the US at 1400GMT is wholesale trade and the job openings and labour

turnover survey for the month of July. The prior opening level had an index

reading of 6662. The quits rate was previously 2.3%. Wholesale inventories and

sales previously had growth of 0.7% and -0.1% respectively.

     Ending the calendar at 0030GMT is Australia's Westpac-MI consumer sentiment

for August. The previous index reading was 103.6.

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