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MNI Global Morning Briefing

MNI (London)
     LONDON (MNI) - It's the usual slow Friday in preparation for the weekend.
At 0600GMT, Germany published the latest producer and wholesale prices.
Previously, producer prices grew y/y by 1.9% and wholesale prices grew by 1.2%
y/y.
     Frankfurt hosts Cleveland Federal Reserve Bank President Loretta Mester,
who speaks at 0700GMT.
     The Eurozone current account data is released at 0800GMT. Previously data
showed an nsa figure of EUR22.7 billion.
     BBK Board member Claudia Buch will speak in Paris at 0820GMT.
     The Eurozone trade balance follows the current account data at 0900GMT.
Previously the nsa trade balance showed a surplus of EUR 18.9 billion.
     MNI median forecasts suggest Canada's headline CPI y/y is expected to
remain at 2.3%, however retail sales is expected to see a drop in growth from
0.4% previously to 0.2%. This will be released at 1230GMT.
     Next up are two speeches stateside, both at 1315GMT. One from Dallas
Federal Reserve Bank President Rob Kaplan in Richardson, Texas and the other by
Federal Reserve Board Governor Lael Brainard in New York.
     On Sunday night and early is New Zealand and Japan featuring in the
calendar. Starting in New Zealand at 2245GMT is their net migration monthly and
quarterly retail trade survey. Net migration previously grew at 5.5 units,
whereas retail sales previously exhibited q/q growth of 1.7%.
     Japan's trade balance (2350GMT) previously saw growth in exports and a
slight fall in imports. Exports y/y grew at 2.1% compared to a fall of 0.6% in
imports. Putting this together meant the trade balance y/y grew at 32.1%.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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