MNI Global Morning Briefing

     LONDON (MNI) - Yes the World Cup is over and it's not coming home, well, at

least not to London. The calendar nonetheless trundles on starting with a double

release in Spain at 0700 of industrial orders and services survey. Industrial

orders previously grew by 4.8% on a y/y basis. The services survey previously

reported growth of 4.1% y/y.

     Next up is the Euro Area trade balance at 0900GMT. The seasonally adjusted

trade balance was previously E18.1 bn.

     At 1230GMT is retail sales in the states and the empire state manufacturing

survey. US retail sales rose by 0.8% m/m in May. The empire state manufacturing

survey previously had an index reading of 25.0.

     Canada also at 1230GMT release their international Canadian transaction in

securities. The prior securities transactions stood at C$9.1 bn.

     Business inventories in the US is at 1400GMT which had previous m/m growth

of 0.3%.

     Moving to the evening, at 2245GMT, New Zealand's consumer price index

inflation will be published. The previous y/y CPI reading was 1.1%.

     Finishing in Australia at 0130GMT is the release of the RBA board meeting

minutes.

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