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MNI Global Morning Briefing

MNI (London)
     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
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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