MNI US Morning Briefing

     LONDON (MNI) - Across the Atlantic, the US jobless claims and the 3rd read

of GDP are expected at 0830ET.

     The level of initial jobless claims is expected to rebound by 6,000 to

265,000 in the September 23 week after a 23,000 decline in the previous week.

Initial and continuing filings in hurricane-impact regions should begin to show

any back-logged claims in areas where filing could not occur in previous weeks.

Seasonal factors expect a slight unadjusted decrease this week, so any

unadjusted gain would translate into a larger adjusted increase. The four-week

moving average would rise by 7,250 in the coming week as the 236,000 level in

the August 26 week drops out of the calculation, assuming the MNI forecast is

correct and there are no revisions. 

     Second quarter GDP is expected to be remain unrevised from the 3.0% gain in

the second estimate, while looking ahead to a softer 3Q growth pace. Analysts

expect business fixed investment and inventories to be revised up. The chain

price index is expected to be unrevised at a 1.0% rate of growth. 

     Canadian payroll data will be published at the same time.

     Kansas City Federal Reserve Bank President Esther George to speak on The

U.S. Economy and Monetary Policy at the Banking and the Economy: A Forum for

Minority Bankers in Kansas City, with audience Q&A, starting at 1345GMT. Federal

Reserve Vice Chairman Stanley Fischer speaks at a Bank of England Independence

20 Years on Conference in London, audience and media Q&A, from 1400GMT.

     The latest Kansas City Fed Manufacturing Index is set for release at

1500GMT, with late data seeing US farm prices published at 1900GMT and the Fed

Weekly M2 Money Supply Data at 2030GMT.

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