MNI US Morning Briefing

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

Personal Income and Consumption, comes at 1230GMT. US releases are an hour

earlier this week due to UK and continental Europe will move off daylight saving

time, while the US roll back clocks one week later on November 5.

     Personal income is expected to rise by 0.4% in September, as payrolls fell

by 33,000, but average weekly hours held steady at 34.4 hours and hourly

earnings surged by 0.5%. 

Current dollar PCE is forecast to jump 0.9%, as retail sales surged 1.6% in the

month and were still up 1.0% excluding a 3.6% spike in motor vehicle sales. 

Core retail sales (also ex. gas) were up 0.5% in the month, while sales

excluding autos, gas, building materials and food services up 0.4%, indicating

underlying strength. 

The core PCE price index is expected to post a 0.1% gain in September,

reflecting steady core CPI data. The year/year gain should remain below 2%.

     At 1300GMT Germany release preliminary CPI and HICP figures for October.

     The Dallas Fed Manufacturing Survey is scheduled for 1430GMT.

     Rounding off the day at 1900GMT are US Farm Prices.

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