MNI Global Morning Briefing

     LONDON (MNI) - Easter Morning Briefing

     Given market closure in the UK for Friday and Monday, today's calendar

comes as a combination of Friday and Monday in the hope of pumping up data.

     France's consumer spending, Flash HICP and CPI and PPI figures (0645GMT).

Prior consumer spending tells a fairly negative story with a prior m/m and y/y

figure of -1/9%. Previously, the HICP was flat on a m/m basis and 1.3% y/y. PPI

growth is also relatively flat with prior m/m growth of 0.1% and y/y at 0.9%.

     Italy's prior m/m figure of HICP showed a contraction in prices of 0.5%

with the y/y figure of 0.5%.

     The St Louis Fed Real GDP Nowcast will be released at 1500GMT with a prior

growth rate 3.79%. This is followed by the NY Fed GDP Nowcast data at 1515GMT

showing a prior growth rate of 3.0%.

     China to spice up Easter weekend with PMI data

     For those up at 0100GMT on a Saturday, the CFLP Manufacturing PMI has a

prior figure of 50.3 compared to the Non-Manufacturing PMI (1200GMT) figure

prior of 54.5.

     Early morning Easter Monday start in China and Japan

     Starting in Japan, theBusiness Short-Term Economic Sentiment Survey, or the

Tankan as we know it, due at 2350GMT, will likely show a relatively unchanged

picture from the previous result. Major manufacturing diffusion index is

forecasted by analysts to remain at 26 and major non-manufacturing diffusion

index is expected to drop slightly from 25 to 24. CAPEX for Major firms for

fiscal year 2017 is anticipated by analyst to have grown at around 0.6%.

     China are next with their Caixin Manufacturing PMI at 0145GMT with a prior

index figure of 51.6.

     In the US, prior construction spending m/m (1400GMT) was flat. At the same

time, the ISM manufacturing index had a prior reading of 60.8.

     Minneapolis Federal Reserve Bank President Neel Kashkari speaks a Student

Town Hall in Duluth, Minnesota, at 2200GMT seeing out the US calendar.

     For those craving more, 2230GMT sees the AI Group Manufacturing Index which

had a prior figure of 57.5 An hour late at 2330GMT, sees the ANZ-Roy Morgan

Weekly Consumer Confidence.

     Quite a bit later on in the early hours of the morning at 0430GMT, the RBA

announce their cash rate decision. Analysts are not expecting any change from

the current figure of 1.5%.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com