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April 30th, 2014 4:22 pm | by John Jansen |

Via Pierpont Securities :

AUSTRALIA: Leading Economic Indicator reading for March. Slight downward tilt to the index over the last 6 months, but little sign of a major deterioration.

CHINA: Tremendous data flow…and quite important as March was first full month after the New Year holiday. 1Q2014 data will be released for GDP and the Business Climate index, with the latter having fallen steadily since its recovery high in 4Q2010. BBerg consensus for real GDP growth at 7.3% YOY in 1Q, with the risks being to the downside for growth. Also get March data for Retail Sales and Industrial Production, with BBerg consensus expectations of 11.9% YOY for sales and 9.0% YOY for production, both quite sluggish by Chinese standards; risks appear tilted to the downside.

JAPAN: Final Industrial Production data for February, with the preliminary reading a -2.3% MOM and up 6.9% YOY.

EURO ZONE: Final March CPI data…expected to be confirmed at 0.5% YOY, with core at 0.8% YOY.

ITALY: Trade/Current Account data for February, with Trade in surplus (weak imports) while CA remains in deficit (large external debt payments).

UK: Important monthly data on the Employment Situation. Key data likely to be the change in the Claimant count for March (BBerg consensus -30K) and the February data for the 3-month change in Employment (BBerg consensus +90K) and Unemployment Rate (down to 7.1%). But with inflation quit restrained (out today), not much concern that strong data will push the BoE towards tightening any time soon.

CANADA: BOC RATE DECISION AT 10am, WITH AN OVERWHELMING CONSENSUS FOR NO CHANGE TO THE O/N RATE OF 1.0%.

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