MNI Global Morning Briefing

     LONDON (MNI) - It's the end of the week and the data reflects this

sentiment, keeping it short and sweet to close the weekend.

     Germany's final CPI readings for March is released at 0600GMT. Preliminary

data m/m and y/y CPI stood at 0.4% and 1.5% respectively.

     Following up an hour later is Spain's final HICP for March. February's y/y

figure of 1.3% is expected by analysts to remain unchanged for March. The m/m

figure in February was fairly high at 1.2%.

     February's trade balance for the Euro Area (0900GMT) will look to continue

the positive signs seen in January. January of 2018 saw the Euro Area record a

eur3.3 billion surplus after a deficit of eur1.4 billion a year earlier.

     Moving swiftly to the late morning/early afternoon, Boston Federal Reserve

Bank President Eric Rosengren to be the Keynote Speaker on the Greater Boston

Chamber's Economic Outlook breakfast at 1130GMT.

     Data from the Canadian Real Estate Association at 1300GMT should see a

rebound from previous m/m home re-sales which declined by 6.5%.

     A double release of the job openings and labour turnover survey is at

1400GMT in the US. The quits rate for January stood at 2.2% whereas the openings

levels posted an index figure of 6.312.

     The University of Michigan Sentiment index (also at 1400GMT)is expected to

be down to 100.2 in early-April from 101.4 in March.

     The remainder of US data for today is at 1500GMT and 1515GMT with the St.

Louis Fed Real GDP Nowcast and the NY Fed GDP Nowcast respectively. Previously,

the St. Louis Fed had a Q1 Real GDP estimate of 3.41% with the NY Fed GDP

estimate of 2.8%.

     China will release at some point on Friday, April data for Money Supply,

New Loans and Total Social Financing figures. The M2 ytd y/y previously was at

8.8%, new loans stood at CNY839.3 billion and total social financing was at

CNY1.17 trillion.

     Also anticipated is the March trade balance. The February trade balance

evidenced a surplus of USD 33.74 billion but is anticipated to narrow to USD 27

billion in March. Whilst y/y exports grew by a staggering 44.5% in February, MNI

forecasts suggest analysts see this coming in much lower in March at 10% as well

as imports y/y rising from 6.3% in February to 12.0% in March.

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