MNI Global Morning Briefing

     LONDON (MNI) - Global Morning Briefing

     At 1000BST Eurostat releases final Eurozone April inflation data as well as

data figures on construction output within the currency bloc. The US publishes

both leading indicator data and the preliminary Michigan Sentiment Index at

1500BST.

     No surprises expected for final EZ inflation

     Final inflation data in the EZ is expected to register in line with the

flash estimates of 0.7% m/m and 1.7% y/y, which would be the highest annual

growth rate since November 2018. In March, HICP decelerated slightly by 0.1pp

and grew by 1.4% y/y.

     The Eurozone's construction output rose 3.0% on the month, revealing the

fastest growth rate since February 2017, boosted by unseasonably good weather.

Annual output increased by 5.2% in February after a contraction in January

(-0.1%). February's boost shifted the series above their long-term series

average.

     Leading Index and Michigan Sentiment about to rise?

     The US leading indicator index is expected to rise by 0.2% in April, with

positive contributions from lower jobless claims and higher stock prices and

consumer expectations, offset by a sharp decline in the ISM new orders index.

     The Michigan Sentiment index is expected to rise to a reading of 97.7 in

early-May from 97.2 in April.

     Europe's highlight in terms of speeches is ECB's de Guindos, with NY Fed's

Williams and US Fed's Clarida are worth noting in the US. 

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