Trial now

(M1) Bullish Focus


(M1) New Multi-Month Highs


Clearing Major Support


Sizeable Resistance Building


Needle Still Points North

MNI Global Morning Briefing

MNI (London)
     LONDON (MNI) - Tuesday data calendar commences at 0600GMT with the German
construction orders and wholesale prices. Previously, construction orders
declined 4.3% m/m and wholesale prices were flat on the month and up 3.5% on a
y/y basis.
     At 0645GMT is the business climate indicator, manufacturing sentiment and
services sentiment in France are due for release. Previous readings were 105,
110 and 104 respectively.
     Next up at 0700GMT is the producer price index in Spain. The prior m/m and
y/y growth rates were 0.4% and 4.6% respectively.
     ECB Executive Board member Peter Praet speaks in London at 0810GMT and
     The US index of consumer confidence is expected to fall back to a reading
of 131.7 in September after surging further in August. Stable gas prices and
rising stocks prices are positive factors for another gain. The Michigan
Sentiment Index surged to 100.8 in early-September from 96.2 in August.
     The ECB have been busy Tuesday with speeches and at 1440GMT, ECB Executive
Board member Benoit Coeure speaks in Frankfurt, Germany. He also speak again in
Frankfurt at 1600GMT.
     Next up at 2245GMT is the monthly trade balance data in New Zealand. The
previous trade balance, was NZD 143 mn.
     Finishing in New Zealand at 0100GMT is the ANZ monthly business survey.
Business confidence and activity outlook had previous index readings of -50.3
and 3.8 respectively.
--MNI London Bureau; tel: +44 203-586-2225; email:
MNI London Bureau | +44 203-865-3812 |