- Korean industrial production was notably stronger in March, although February data was revised lower.
- China has increased its role to become the largest global manufacturer. This means that global supply chains are more affected by the Lunar New Year holiday.
- French GDP for the first quarter was as expected.
- Spanish GDP is due.
- US employment cost data for the first quarter is due. This does not normally get economists passionately excited (just moderately excited). However, this may be the first time in recent history a tight labor market combines with flexible labor market structures.
- Possible US Fed governor nominee Moore has met opposition from two Republican senators.
[Reuters] U.S. consumer spending posts biggest gain since 2009
[CNBC] Core personal consumption expenditures index unchanged in March, vs 1.7% increase expected
[Reuters] Mnuchin hopes latest talks may seal U.S.-China trade deal
[Reuters] As trade talks reach endgame, U.S.-China ties could hinge on enforcement
[Reuters] U.S. sanctions on Iran, Venezuela set up crunch for heavier oil
[Bloomberg] U.S.-China Talks to Resume With Significant Issues Unresolved
[Reuters] Spain’s Socialists, short of majority, weigh partners for forming government
[Reuters] Two U.S. Navy warships sail through strategic Taiwan Strait
[Reuters] Libyan forces push back against Haftar in house-to-house battles
[Reuters] Global military spending at new post-Cold War high, fueled by U.S., China – think-tank
[Bloomberg] Euro-Area Economic Confidence Slips to Lowest Since 2016
[Bloomberg] U.S. Warns China Over Civil Forces in South China Sea, FT Says
[Bloomberg] How Giants Fall in China
[WSJ] Trump’s New Nafta Faces Mounting Resistance in Democratic House
[WSJ] Negative Yields Deepen Along With Europe’s Problems
[FT] Weak US inflation scrambles debate on Fed’s next rates move
[FT] Debt investors should look out for China’s east-west divide
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