MNI Global Morning Briefing

     LONDON (MNI) - Mundane Monday strikes again with very few releases to

report on. 

     The calendar starts in Germany at 0600GMT with the release of

Factory/Industrial Orders. Manufacturing orders m/m and y/y were previously 2.6%

and 4.4% respectively. 

     Up next at 0800GMT is the VDMA Machine Orders. Previously, y/y growth

declined by 1.0%. 

     Moving to the States, and the very limited calendar continues at 1400GMT

with the release of the Employment Trends Index (ETI). The previous index

reading was 108.94

     Straight into the evening and at 2230GMT is the AI Group/HIA construction

index in Australia. Previously, the index score was 50.6. 

     At 2301GMT is the BRC-KPMG shop sales monitor in the UK. A World Cup

infused June saw like-for-like and total sales grow by 1.1% and 2.3% y/y

respectively. This was off the back of a strong May due to the warm weather and

the Royal Wedding. 

     Straight back to Australia at 2330GMT and its their weekly consumer

confidence data.

     Japan are next who at 2330GMT also release their household spending data

and at 0000GMT have their average wages preliminary data. Household spending

grew by 3.9% y/y previously.  Total wages on a y/y basis rose by 2.1%

previously. 

     Australia close out the calendar at 0430GMT with the RBA's cash rate

decision. Analysts anticipate an unchanged interest rate from the previous 1.5%.

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