NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BLS: NET REVISIONS FOR MARCH, FEB PAYROLLS -22K

US APR AVERAGE HOURLY EARNINGS +0.2% Vs MAR +0.3%; +3.9% YOY

US APR UNEMPLOYMENT RATE 3.9%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

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

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MNI Global Morning Briefing

MNI (London)
     LONDON (MNI) - Germany and Spain lead the way with data on a busier Friday
than usual. At 0600GMT is Germany's construction orders. Previous m/m growth was
strong at 9.9%. Sandwiched in between this and the IFO sentiment data is Spain
with their producer price index data. The y/y and m/m growth previously was 1.3%
and -0.9% respectively. The Deutsche IFO at 0800GMT is expected to see a small
drop in the Business Climate Index from 102.1 to 102.0. 
     Moving to the UK, the British Banker's Association sees its new home loan
approvals released at 0830GMT. Previous now home loan approvals for March stood
at 37567. 
     More importantly in the UK is the second estimate of GDP at 0830GMT and the
UK Index of Services. MNI median suggests strongly the second estimate is
unlikely to be modified from the weak first estimate, with Q1 GDP growth
anticipated at 0.1% q/q and y/y growth at 1.2%, both down from a Q4 which had
0.4% q/q growth and 1.4% y/y growth. The index of services saw fairly weak
growth in February with m/m decreasing by 0.2% and 3m/3m up only by 0.4%. 
     Durable goods orders (1230GMT) are expected to fall 1.2% in April after a
2.6% gain in March. Boeing reported 78 orders in April, down sharply from 197
orders reported in March, so aircraft orders are likely to pull back after solid
gains in the previous two months. Orders excluding transportation are expected
to rise 0.6%. Annual revisions released on May 17 will be included with the
data.
     In Sweden, the Riksbank celebrates its 350th anniversary in Stockholm with
ECB Executive Board member Benoit Coeure participating at 1315GMT. This is
followed up shortly 1320GMT with Federal Reserve Chair Jerome Powell speaking on
financial stability and central bank transparency at the event. 
     The Michigan Sentiment index (1400GMT) is expected to be revised up
slightly to 99.0 in May, putting it slightly ahead of the 98.8 level in April.
     At 1545GMT is Chicago Federal Reserve Bank President Charles Evans, Atlanta
Federal Reserve Bank President Raphael Bostic and Dallas Federal Reserve Bank
President Rob Kaplan speaking in Dallas, Texas. 
     Moving back to the celebrations in Stockholm, 1920GMT sees ECB Gov. Council
member Jens Weidmann speaking. 
     After the bank holiday on Monday, the US conclude the calendar early
morning on Tuesday at 0440GMT with St. Louis Federal Reserve Bank President
James Bullard speaking in Tokyo, Japan. Bullard will speak later in the week in
Tokyo at an MNI event (https://mninews.marketnews.com/).
--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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