MNI Global Morning Briefing

     LONDON (MNI) - At 0645BST data on Swiss unemployment is published, followed

by German industrial production at 0700BST. Another highlight on Wednesday is

the release of data on Housing Starts in Canada at 1315BST.

     The March unemployment rate (SA) in Switzerland was stable at 2.4%, where

it has been since December 2018. Monthly unemployment fell by 6.0%, the largest

decline since May 2018. On a yearly basis unemployment dropped by 13.9% in March

after decreasing by 17% in February.

     Germany's industrial production increased by 0.7% m/m in February after

remaining stable (0.0%) in January. According to the MNI median industrial

production is expected to decline by 0.5% monthly, shifting the index below the

10-Year average. Moreover, this would be the biggest decline since November

2018. On a yearly basis, IP is anticipated to drop by 2.5% after falling by 0.4%

in February.

     According to the MNI median Canadian housing starts are expected to

increase to 196k in April. In March the index rose to 192,500 after a sharp

decline in February to 166,300.

     The highlights in terms of speeches are BOE's Dave Ramsden speaking in

London and Fed's Lael Brainard talking at the Fed of Richmond.

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