MNI US Morning Briefing

     LONDON (MNI) - Across the Atlantic things get underway with the main

release of the day, advance US Q2 GDP figures at 1230GMT. GDP is expected to

rise 2.7% after a 1.4% increase in the previous quarter. The key factors are

expected to be stronger PCE growth and inventory accumulation and slightly

improved nonresidential fixed investment, offset by softer residential fixed

investment growth and modestly wider trade gap.

     Also at 1230GMT is the release of US Employment Cost Index as well as

Canadian GDP by Industry.

     At 1400GMT the release of the final University of Michigan Sentiment Index

is scheduled. The index is expected to be revised up slightly to 93.2 in July,

still down from 95.1 in June

     Scheduled for release at 1500GMT is the St. Louis Fed Real GDP Nowcast,

swiftly followed by NY Fed GDP Nowcast at 1515GMT.

     At 1720GMT Minneapolis Federal Reserve Bank President Neel Kashkari to

speak at a moderated Q&A at the Woodbury Area/St. Paul Chamber of Commerce

event.

     Rounding off the day is the CFTC COT Report at 1930GMT.

--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com