MNI Global Morning Briefing

     LONDON (MNI) - The three key releases on the Tuesday are the Euro Area

final January services PMI and composite PMI reading at 0900GMT, the final

January UK services PMI at 0930GMT and the January ISM Non-manufacturing index

in the U.S. at 1500GMT. There are no speeches yet on the cards for Tuesday.

     The flash reading for the services PMI in Europe was 50.8, whilst the

composite reading was 50.7. Both these readings fell from December's 51.2 and

51.1 respectively. The MNI median points to the final estimate of the services

reading to remain unchanged from the flash at 50.8.

     The UK services PMI was 51.2 in December, up from 50.4 in November.

     The nonmanufacturing ISM reading is expected to fall to 56.4 in January

from a revised 58.0 reading in December. The Philadelphia Fed nonmanufacturing

index was at 57.6, while the Markit Services index declined slightly to 54.2.

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