MNI US Morning Briefing

     LONDON (MNI) - The US calendar kicks off at 0830ET, with the bellwether US

employment report for August.

     Nonfarm payrolls are forecast to rise by 180,000 in August after

stronger-than-expected readings in the previous two months. It remains to be

seen if the impact from Amazon's attempt to hire 50,000 new workers will filter

through to the payrolls figures this month, but it casts some upside risk on the

data. The unemployment rate is expected to hold steady at 4.3%. Hourly earnings

are forecast to rise 0.2% after a 0.3% gain in the previous month. The average

workweek is expected to stay at 34.5 for another month.

     At 0945ET, the final August US Markit Manufacturing Index will be

published.

     There is a rush of US data at 1000ET, including the ISM Manufacturing

Index, construction spending and the Final Michigan Sentiment Index.

     Construction spending is expected to rise 0.5% in July. Housing starts fell

4.8% in the month, suggesting private residential building could continue its

string of declines.

     The ISM manufacturing index is expected to rebound modesty to a reading of

56.6 in August after a dip back to 56.3 in July. Regional conditions data have

suggested fairly strong growth.

     The Michigan Sentiment index is expected to be revised down slightly to a

reading of 97.5 in August from the 97.6 preliminary estimate, still above the

93.4 reading in July.

     At 1100ET, the St. Louis Fed Real GDP Nowcast will be released, followed by

the NY Fed GDP Nowcast at 1115ET.

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