MNI BRIEF: BOJ Real Export Index in Q1 Falls 2.5% Q/Q

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI: UK MAR CPI +0.6% M/M, +3.2% Y/Y

MNI: UK MAR OUTPUT PPI +0.2% M/M, +0.6% Y/Y

Inflation data due at 7:00BST

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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CIBC and RBC On Upcoming GDP

CANADA
  • CIBC see GDP up +0.2% M/M in April per the advance release and expect similar only modest growth for the May flash as well.
  • “Declines in oil production and wholesale sales likely weighed on April’s figure, while advance data for May suggested a big drop in manufacturing shipments driven once again by the auto sector.”
  • However, with the expecting dampening effects on growth expected to have come from industries where supply constraints have been prevalent, this will unlikely provide any reassurance that it will cool inflation.
  • RBC look for +0.3% M/M in April and with a similar gain in May. They see activity being weighed on by the sharp pullback in housing markets but contrary to CIBC see oil & gas drilling & extraction rising and reopening sectors still rebounding.
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