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MNI US Morning Briefing

MNI (London)
     LONDON (MNI) - The US calendar kicks off at 0700ET, with the publication of
the MBA weekly applications index.
     At 0945ET, the flash services and manufacturing PMI data will be published
by Markit.
     The July US new home sales data will be released at 1000ET.
     New home sales are expected to increase to a 613,000 annual rate in July
following a modest 0.8% gain in June. Unadjusted sales were up 10.0% from a year
earlier before seasonal adjustment. Home supply rose by 1.1% in June, lifting
the months supply to 5.4 months. Housing starts fell 4.8% in July after a 7.4%
gain in June, while permits declined 4.1%. As a result, supply is likely to
remain relatively soft in the coming months.
     At the same time, back in Europe, the EC August consumer confidence
indicator will be released.
     The US DOE weekly crude oil stocks are set for publication at 1030ET.
     Late in the day, Dallas Federal Reserve Bank President Rob Kaplan will
participate in a moderated Q&A session at the Permian Basin Petroleum
Association Membership Luncheon in Midland, Texas, with audience and media Q&A,
starting at 1305ET.
--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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