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MNI US Morning Briefing

     LONDON (MNI) - Across the Atlantic things kick off with the main event of
the day, the US Employment Report for September at 1230GMT. Nonfarm payrolls are
forecast to rise by only 70,000 in September after August's disappointing
156,000 gain. The impact of Hurricane Harvey and Hurricane Irma is clearly
expected to show up in this month's data, adding downside risk. The unemployment
rate is expected to hold steady at 4.4%. Hourly earnings are forecast to rise
0.3% after a 0.1% gain in the previous month. The average workweek is expected
to stay at 34.4 hours, with a downside risk due to the hurricanes.
     Also at 1230GMT the Canadian Labour Force Survey is scheduled.
     The first of a raft of Fed speakers is scheduled for 1315GMT, Atlanta
Federal Reserve Bank President Raphael Bostic is to speak at Investing in
America's Workforce Capstone Conference in Austin, with audience Q&A.
     At 1400GMT the US release Wholesale Trade data and Canada release Ivey PMI
figures.
     At 1500GMT is the first of the regional Fed GDP estimates, St. Louis Fed
release Real GDP Nowcast followed at 1515GMT by the NY Fed GDP Nowcast.
     New York Federal Reserve Bank President William Dudley is to speak on "The
Monetary Policy Outlook and the Importance of Higher Education For Mobility" at
the 56th Annual Financial Literacy & Economic Education Conference in Brooklyn,
New York, with audience Q&A at 1615GMT.
     Dallas Federal Reserve Bank President Rob Kaplan is to speak at 1645GMT at
the Investing in America's Workforce Capstone Conference in Austin, with
audience and media Q&A.
     Then at 1750GMT St. Louis Federal Reserve Bank President James Bullard will
speak on "Standard of Living Across U.S. Metropolitan Statistical Areas" at
Bi-State Development 2017 Annual Luncheon Meeting in St. Louis.
     To close out the session and the week US Consumer Credit data is released
at 1900GMT. Consumer credit is expected to rise by 16.0 billion in August after
an $18.5 billion rise in July. Retail sales were down 0.2% and were up 0.2%
excluding a 1.6% plunge in motor vehicle sales.
--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com

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