MNI US Morning Briefing

     LONDON (MNI) - Across the Atlantic, the US calendar gets underway at

0600ET, with the publication of the MBA weekly applications index.

     The US July housing starts data and the latest NY Fed Business Leaders

Survey will be released at 0830ET.

     The seasonally adjusted pace of housing starts is expected to accelerate to

a 1.220 million annual rate in July after a large increase in June. A jump in

June building permits provides some upside risk. Total starts were up 4.7%

year/year before seasonal adjustment in June, while permits were up 6.6%, but it

remains to be seen if that pace can be maintained.

     At the same time, the International Canadian Transaction in Securities data

will be published.

     The Atlanta Fed inflation index will be published at 100ET, with the DOE

weekly crude oil stocks data expected at 1030ET.

     At 1400ET, the Federal Reserve will releases the minutes from the July

25-26 FOMC meeting.

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