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MNI Global Morning Briefing

MNI (London)
     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
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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