MNI US Morning Briefing

     LONDON (MNI) - Across the Atlantic the first release of the day from the US

is advance GDP figures at 1230GMT. Analysts expected GDP to rise 2.7% in the

advance estimate for the third quarters, only slightly below the 3.1% increase

in the second quarter. 

Analysts will watch closely to see the impact of the hurricanes in August and

September. The key drivers are expected to be an auto-related boost in PCE and

an improved net export gap, offset by softer inventories and fixed investment.

The chain price index is forecast to rise 1.8% after a 1.0% gain in the second

quarter.

     On the docket for 1400GMT is the US Final Michigan Sentiment Index. The

Michigan Sentiment index is expected to be revised only slightly lower to a

reading of 101.0 from the 101.1 preliminary estimate, keeping it well above the

95.1 reading in September. Record stock market levels and the belief that August

and September's hurricane impacts were less than expected have lifted

confidence.

     Rounding off the day at 1500GMT and 1515GMT are the St. Louis Fed Real GDP

Nowcast and the NY Fed GDP Nowcast.

--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com