MNI Global Morning Calendar

     LONDON (MNI) - With parts of Europe still off enjoying the extended Whitsun

vacation, Tuesday starts later on in the day at 0830GMT with the release of the

UK's Public Sector Financing. This is the first PSF release of the financial

year and therefore estimates will struggle to correctly predict the outcome.

Nonetheless, analyst anticipated public sector net borrowing excluding

intermediaries to come in at stg8.5 billion from a previous stg1.3 billion in

March.

     Next up in the UK is the CBI Industrial Trends survey at 1000GMT. MNI

analysts expect a prior total order books balance of 4 units to fall a touch to

2 for the month of May.

     Moving straight to the afternoon and Canada provide the only spot of data

with their wholesale trade data at 1230GMT. Previously wholesale sales declined

by 0.8%.

     For those craving more out of the sparse data, staying up till 0030GMT and

turning attention to Australia sees the Westpac-MI leading index which

previously had a reading of 97.77. One hour later at 0130GMT sees quarterly

construction work done in Australia released and finishes off the calendar.

After a prior steep decline in the q/q figure of 19.4%, MNI median estimates

suggest the q/q figure will grow by 1% for Q1.

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