MNI Global Morning Briefing

     LONDON (MNI) - Monday looks rather jaded and unable to recover from the

weekend.

     The data calendar starts in Spain at 0700GMT with the release of its

unemployment data. Previously, the m/m and y/y figures stood at -2.53% and

-6.64% respectively.

     In the UK, the Markit/CIPS construction PMI is released at 0830GMT. The

bounce back in April from March was still below the 52.5 mark which is

considered by many the growth/no growth threshold for construction.

     At 0900GMT, the Euro Area Industrial Producer Prices data will cross the

wire. Previously, industrial producer prices saw m/m and y/y growth of 0.1% and

2.1% respectively.

     Speaking at 1000GMT is Riksbank Governor Steffan Ingves in Stockholm,

Sweden. This is followed up at 1100GMT with BBK Board Member Johannes Beermann

participating at the Public Hearing in the Committee on European Union affairs

in Berlin, Germany.

     Across the Atlantic, the US calendar gets underway at 1345GMT, with the

publication of the ISM-NY Manufacturing Index.

     At 1400GMT, the latest US factory new orders and the employment trends

index data will be published.

     Moving swiftly to 2230GMT and the AI Group Services Index will be released

in Australia. Previously the index value was at 55.2.

     Shortly after at 2301GMT is the BRC-KPMG shop sales monitor which saw a

disappointing April with like-for-like sales falling 4.2% and total sales down

3.1% on a y/y basis.

     Household Spending in Japan ends a weak Monday with y/y spending expected

to bounce back from a prior growth rate of -0.7% to an expected 0.9%.

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