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MNI US Morning Briefing

     LONDON (MNI) - Across the Atlantic the day kicks off with flurry of data
releases at 1230GMT. Taking centre stage is the October US Employment Report.
Nonfarm payrolls are forecast to rise by 315,000 in October after September's
hurricane-impacted 33,000 decline, while the unemployment rate is expected to
hold steady at 4.2%.
     Hourly earnings are forecast to rise by only 0.2% after a 0.5% surge in the
previous month, but the average workweek is expected to stay at 34.4 hours for
the fourth straight month.
     The US also release Trade Deficit data at 1230GMT. The international trade
gap is expected to widen to $43.5 billion in September. The advance estimate of
the Census goods trade gap widened to $64.1 billion, with exports up 0.7% and
imports up 0.9%.
     From Canada at 1230GMT comes the Labour Force Survey and International
Merchandise Trade (Trade Balance).
     At 1345GMT the final US Markit Services Index is released. Followed swiftly
by US ISM Non-Manufacturing Index data at 1400GMT. The ISM non-manufacturing
index is expected to fall to a reading of 58.6 in October after another increase
to 59.8 in September.
     The Philadelphia nonmanufacturing index fell slightly to 32.2, but remained
strong, while the flash Markit services index ticked up to 55.9 in the month
from 55.3 in September.
     Also at 1400GMT are US Factory New Orders. Factory orders are expected to
rise by 1.2% in September. Durable goods orders rose 2.2% in the month on a
large gain in aircraft orders, while nondurables orders are expected to rise
further on hurricane-impacted energy prices.
     Factory orders are expected to post a smaller, but still solid, gain
excluding the transportation component. Durable orders excluding transportation
were rose 0.7% in the advance estimate.
     US St. Louis Fed Real GDP Nowcast is to be published at 1500GMT, followed
by the NY Fed GDP Nowcast at 1515GMT.
     At 1615GMT US Minneapolis Federal Reserve Bank President Neel Kashkari will
participate in moderated Q&A with Women in Housing and Finance, in Washington,
with audience Q&A.
     ECB Gov. Council member Ewald Nowotny will deliver a speech on "Growth
strategies in Austria and Europe", in London at 1900GMT.
     Rounding off the day at 2015GMT ECB Executive Board member Benoit Coeure
will participate in a panel discussion at the 18th Jacques Polak Annual Research
Conference organised, in Washington, D.C.
--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com

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