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MNI: BOC Says Real Rate May Need To Remain Elevated

BOC REITERATES CAN RAISE INTEREST RATE FURTHER IF NEEDED

MNI SNB WATCH: SNB Weighs 25Bp Hike

JAPAN AUG IMPORTS -17.8% Y/Y; JULY -13.6%

MNI: JAPAN AUG EXPORTS -0.8% Y/Y; JULY -0.3%

MNI: UK JUN-AUG MEDIAN PAY AWARDS +5% :XpertHR

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Highlights From BOC Governor Macklem Speech

MNI BRIEF: Finance Minister Calls BOC Pause 'Welcome Relief'

Global Data Calendar 

Date   GMT /Local                                             Prior  Est.
-------------------------------------------------------------------------------
21-Apr 0600/0700 *** Feb    UK ILO unemployment rate            3.9   3.9   %
21-Apr 0600/0700 *** Feb    UK unemployment claimant count       --    -- k 
21-Apr 0600/0700 *** Feb    UK avg weekly earnings 3m/3m y/y    3.1   3.0   %
21-Apr 0600/0700 *** Feb    UK awe  inc bonus 3m/3m y/y         3.1   3.0   %
21-Apr 0730/0930 **  Mar    SE Unemployment rate                8.2    --   %
21-Apr 0730/0930 **  Mar    SE Unemployment rate SA             7.6   8.1   %
21-Apr 0730/0930 **  Mar    SE Total Employment                  --    -- m 
21-Apr 0900/1100 *** Apr    DE ZEW Current Conditions Index   -43.1 -80.0
21-Apr 0900/1100 *** Apr    DE ZEW Current Expectations Index -49.5 -40.0
21-Apr 1230/0830 **  Feb    CA Retail sales                     0.4   0.4   %
21-Apr 1230/0830 **  Feb    CA Retail sales ex autos           -0.1   0.3   %
21-Apr 1230/0830 **  Apr    US Philadelphia Fed Nonmfg Index   13.4    --
21-Apr 1255/0855 **  18-Apr US Redbook retail sales m/m        -8.3    --   %
21-Apr 1400/1000 *** Mar    US existing home sales             5.77  5.30 m 
22-Apr 0600/0700 *** Mar    UK PPI output y/y                   0.4   0.0   %
22-Apr 0600/0700 *** Mar    UK PPI input y/y                   -0.5  -3.3   %
22-Apr 0600/0700 *** Mar    UK CPI m/m                          0.4   0.0   %
22-Apr 0600/0700 *** Mar    UK CPI y/y                          1.7   1.5   %
22-Apr 0600/0700 *** Mar    UK core CPI y/y                     1.7   1.6   %
22-Apr 0645/0845 *   Apr    FR Business Climate Indicator        95    70
22-Apr 0645/0845 **  Apr    FR Manufacturing Sentiment           98    85
22-Apr 0645/0845 *   Apr    FR Services Sentiment                --    --
22-Apr 0800/1000 *   Feb    IT industrial orders m/m            1.2    --   %
22-Apr 0800/1000 *   Feb    IT industrial orders y/y nsa       -1.8    --   %
22-Apr 0830/0930 *   Mar    UK ONS House Price Index y/y        1.3   1.5   %
22-Apr 0900/1100 *          EU annual gov. deficit (1st est.)    --    --   %
22-Apr 0900/1100 *          EU annual gov. debt (1st est.)       --    --   %
22-Apr 1100/0700 **  17-Apr US MBA Mortgage Applications        7.3    --   %
22-Apr 1100/0700            TR Interest Rate                     --    --   %
22-Apr 1100/0700 *          TR Interest Rate                     --    --   %
22-Apr 1230/0830 *** Mar    CA Headline CPI m/m                 2.2   1.1   %
22-Apr 1230/0830 *** Mar    CA Headline CPI y/y                 0.4  -0.4   %
22-Apr 1300/0900 **  Feb    US FHFA Home Price Index            0.3   0.3   %
22-Apr 1400/1600 **  Apr    EU consumer confidence (p)        -11.6 -19.8
22-Apr 1430/1030 **  17-Apr US crude oil stocks ex. SPR w/w      --    -- m bbl
23-Apr 2301/0001 *   Apr    UK XpertHR median pay award 3m       --    --   %
23-Apr 0600/0800 *   May    NO Unemployment Rate                3.8   4.0   %
23-Apr 0600/0700 *** Mar    UK Central Govt Net Cash Requirmt  -2.5    -- b GBP
23-Apr 0600/0700 *** Mar    UK Public Sector Net Borrowing     -0.4   1.7 b GBP
23-Apr 0715/0915 **  Apr    FR Markit Manufacturing PMI (p)    43.2  37.8
23-Apr 0715/0915 **  Apr    FR Markit Services PMI (p)         27.4  25.0
23-Apr 0730/0930 **  Apr    DE Markit Manufacturing PMI (p)    45.4  39.0
23-Apr 0730/0930 **  Apr    DE Markit Services PMI (p)         31.7  29.0
23-Apr 0800/1000 **  Apr    EU Markit Composite PMI (p)        29.7  26.0
23-Apr 0800/1000 **  Apr    EU Markit Manufacturing PMI (p)    44.5  39.3
23-Apr 0800/1000 **  Apr    EU Markit Services PMI (p)         26.4  24.8
23-Apr 0830/0930 *** Apr    UK Markit Composite PMI (flash)    36.0  32.0
23-Apr 0830/0930 *** Apr    UK Markit Manufacturing PMI        47.8  42.5
                                 (flash)
23-Apr 0830/0930 *** Apr    UK Markit Services PMI (flash)     34.5  29.5
23-Apr 1000/1100 **         UK CBI order books balance          -29   -50
23-Apr 1000/1100 **         UK CBI price intentions balance       7     3
23-Apr 1230/0830 **  18-Apr US jobless claims                  5245  4500 k 
23-Apr 1345/0945 *** Apr    US Markit Services Index (flash)   39.8  32.5
23-Apr 1345/0945 *** Apr    US Markit Mfg Index (flash)        48.5  38.5
23-Apr 1345/0945 *** Apr    US Markit Mfg Index (flash)        48.5  35.0
23-Apr 1345/0945 *** Apr    US Markit Services Index (flash)   39.8  30.0
23-Apr 1400/1000 *** Mar    US new home sales                  .765  .649 m 
23-Apr 1430/1030 **  17-Apr US natural gas stocks w/w            --    --   Bcf
23-Apr 1500/1100 **  Apr    US Kansas City Fed Mfg Index         --    --
23-Apr 2030/1630 **  22-Apr US Fed weekly securities holdings    --    -- t USD
24-Apr 2301/0001 **  Apr    UK Gfk Consumer Conf                -34   -40
24-Apr 2330/0830 *** Mar    JP Core national CPI y/y           +0.6  +0.4   %
24-Apr 0600/0700 *** Mar    UK retail Sales m/m                -0.3  -3.5   %
24-Apr 0600/0700 *** Mar    UK retail sales ex-fuel m/m        -0.5  -2.6   %
24-Apr 0730/0930 **  Mar    SE PPI m/m                         -0.6    --   %
24-Apr 0730/0930 **  Mar    SE PPI y/y                         -1.2    --   %
24-Apr 0800/1000 *** Apr    DE IFO Business Climate Index      86.1  80.0
24-Apr 1230/0830 **  Mar    US durable goods new orders         1.2 -12.0   %
24-Apr 1230/0830 **  Mar    US durable new orders ex           -0.6  -6.0   %
                                 transport
24-Apr 1300/1500 **  Apr    BE BNB Business Sentiment         -10.9 -18.5
24-Apr 1400/1000 *** Apr    US Michigan sentiment index (f)    71.0  68.0
24-Apr 1500/1100 **  Q2     US St. Louis Fed Real GDP Nowcast    --    --   %
24-Apr 1515/1115 **  Q2     US NY Fed GDP Nowcast                --    --   %
27-Apr 1430/1030 **  Apr    US Dallas Fed manufacturing index    --    --
28-Apr 0645/0845 **  Apr    FR Consumer Sentiment               103    --
28-Apr 0730/0930 **         SE Interest Rate                     --    --   %
28-Apr 0730/0930 **  Apr    SE Retail sales m/m                  --    --   %
28-Apr 0730/0930 **  Apr    SE Retail sales y/y                  --    --   %
28-Apr 1000/1100 **         UK CBI sales reported balance        --    --
28-Apr 1000/1100 **         UK CBI sales expected balance        --    --
28-Apr 1230/0830 **  Mar    US advance goods trade gap        -59.9    -- b USD
28-Apr 1230/0830 **  Mar    US advance wholesale inventories   -0.5    --   %
28-Apr 1230/0830 **  Mar    US advance retail inventories      -0.3    --   %
28-Apr 1255/0855 **  25-Apr US Redbook retail sales m/m          --    --   %
28-Apr 1300/0900 **  Feb    US Case-Shiller Home Price Index  220.8    --
28-Apr 1400/1000 *** Apr    US Conference Board confidence    120.0    --
28-Apr 1400/1000 **  Apr    US Richmond Fed Mfg Index            --    --
28-Apr 1400/1000 **  Q1     US housing vacancies rate            --    --   %
28-Apr 1430/1030 **  Apr    US Dallas Fed services index         --    --
29-Apr 2301/0001 *   Apr    UK BRC Shop Price Index m/m          --    --   %
29-Apr 2301/0001 *   Apr    UK BRC Shop Price Index y/y          --    --   %
29-Apr 0600/1400 **  Apr    CN MNI China Lqdty Conditions Ind  10.0    --
29-Apr 0700/0900 **  Apr    SE Economic Tendency Indicator       --    --
29-Apr 0700/0900 *   Mar    ES retail sales y/y wda              --    --   %
29-Apr 0800/1000 **  Mar    EU M3 y/y                            --    --   %
29-Apr 0800/1000 **  Mar    EU M3 3m. average                    --    --   %
29-Apr 0900/1100 *   Apr    EU Consumer Confidence               --    --
29-Apr 0900/1100 *   Apr    EU Industrial Sentiment              --    --
29-Apr 0900/1100 **  Apr    EU Economic Sentiment Indicator      --    --
29-Apr 1100/0700 **  24-Apr US MBA Mortgage Applications         --    --   %
29-Apr 1200/1400 *** Apr    DE HICP (p) m/m                      --    --   %
29-Apr 1200/1400 *** Apr    DE HICP (p) y/y                      --    --   %
29-Apr 1230/0830 *** Q1     US GDP (adv)                        2.1    --   %
29-Apr 1230/0830 *** Q1     US GDP Price Index                  1.3    --   %
29-Apr 1400/1000 **  Mar    US NAR pending home sales index   111.5    --
29-Apr 1430/1030 **  24-Apr US crude oil stocks ex. SPR w/w      --    -- m bbl
--MNI Washington Bureau; +1 202 371 2121; email: brooke.migdon@marketnews.com
[TOPICS: MTABLE]
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