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MNI US Morning Briefing

MNI (London)
     LONDON (MNI) - Across the Atlantic, the US calendar gets underway at
0700ET, with the release of the MBA weekly applications index.
     At 0815ET, Canadian CMCH Housing Starts will be released. That will be
followed at 1230GMT by the publication of the US Preliminary Non-Farm
Productivity data.
     Nonfarm productivity is expected to rise 0.8% in the second quarter, above
the flat reading in the first quarter as the output component will lift the
headline figure. Unit labor costs are expected to rise only 1.1% in the second
quarter after a 2.2% rise in first quarter, taking into account the faster
productivity growth.
     At the same time, Canadian building permits data will be released.
     US wholesale trade data will be published at 1000ET, followed by the DOE
weekly crude oil stocks data at 1030ET.
     Then, at 1500GMT, the Kansas City Fed LMCI will cross the wire.
--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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