MNI Global Morning Briefing

     LONDON (MNI) - Markets are back at full steam Tuesday, as both the UK and

the U.S. return from holiday lengthened weekends.

     Starting the data day at 0645GMT is France's consumer sentiment.

Previously, the index value was 101.0.

     Next up at 0800GMT is ECB M3 data. Previously, y/y growth was 3.7%.

     Business confidence in Italy (released at 0800GMT) probably couldn't have

come at a more undesirable time, given the political drama over the past month.

Previously, the index value for business confidence was 105.1, whereas consumer

confidence was at 117.1.

     ECB Executive Board member Yves Mersch speaks in Frankfurt, Germany at

0930GMT.

     At 1400GMT the latest consumer confidence data is released in the States.

The previous conference board confidence value was 128.7.

     Next up at 1510GMT is Bundesbank Board member Claudia Buch speaking in

Halle, Germany. Following Buch at 1530GMT is ECB Executive Board member Sabine

Lautenschlaeger.

     At 1700GMT, ECB Governing Council member Ewald Nowotny speaks at the award

of the Horst Knapp Prize in Vienna, Austria.

     Later on in the evening at 2100GMT, New Zealand's Financial Stability

Report is published.

     Closing out the calendar is the UK's BRC Monthly Shop Price Index at

2301GMT and Japan's preliminary retail sales at 2350GMT. The BRC Monthly Shop

Price Index for April saw a fall in the y/y figure of 1.0% and represented the

deepest period of deflation since February from last year. Japan saw their

retail sales previously grow by 1.0% y/y.

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