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Free AccessMNI Global Morning Calendar
LONDON (MNI) - After a miserably quiet Wednesday, Thursday picks up the
pace, starting in Germany at 0600GMT with the industrial orders data.
Manufacturing orders are expected to grow 1.1% m/m from a previous decline of
2.5%.
Spain comes next an hour later at 0700GMT with Industrial Production. The
y/y growth was previously 1.9%.
The Switzerland CPI data is next at 0715GMT. Previously, m/m and y/y growth
was 0.4% and 1.0% respectively.
Germany's VDMA Machine Orders is at 0800GMT. The y/y growth previously was
12%.
Before moving stateside, the ECB Governing Council member Jens Weidmann
speaks at the Austrian Federal Economic Chamber in Linz, Austria at 1115GMT.
The level of initial jobless claims (1230GMT)is expected to fall by 4,000
to 223,000 in the June 30 week after rising by 9,000 to 227,000 in the previous
week, keeping the level in its tight range. The four-week moving average would
rise by 250 in the coming week as the 222,000 level in the June 2 week drops out
of the calculation, assuming the MNI forecast is correct and there are no
revisions.
The ISM nonmanufacturing index (1400GMT)is expected to pull back slightly
to a reading of 58.0 in June from 58.6 in May. The Philadelphia nonmanufacturing
index fell to 39.1, while the flash Markit Services index fell to 56.5.
Undoubtedly the most important release of the day and the one markets will
have their eyes firmly on is the FOMC minutes at 1800GMT from the June 12-13
meeting.
At 2230GMT is the AI Group construction index. The previous reading was
54.0.
Finishing the calendar is Japan at 2330GMT and 0000GMT with their household
spending and preliminary average wages respectively. Household spending is
anticipated by analysts to decline 1.8% y/y, continuing its poor showing after
previously declining 1.3% y/y. Total wages y/y previously grew 0.6%.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.