Halister News

Economic Release Details: {JGDPAGDP Index ECOD} --JAMES MAYGER

(Bloomberg) -- Japan is scheduled to release the final 1Q GDP growth data at 8:50am local time. April balance of payments and current account data are also due.

• Final 1Q GDP annualized SA q/q est. 2.4% vs prev. 2.2%
• Final 1Q GDP SA q/q est. 0.6% vs prev. 0.5%
• Final 1Q GDP deflator y/y est. -0.8% vs prev. -0.8%
• April BOP current account balance est. 1,699b yen vs prev. 2,908b yen

To contact the reporter on this story: Patricia Lui in Singapore at plui4@bloomberg.net

(Bloomberg) -- Federal Reserve grants five-year Volcker Rule compliance extensions for funds owned by Deutsche Bank AG, UBS Group AG, SVB Financial Group, according to Wednesday statement.

• Certain “illiquid funds” owned by the three will get extended transition period for as long as five years before they must be sold to satisfy Volcker, Fed says
• Note: Dodd-Frank Act gave Fed authority to grant extension for Volcker compliance for funds too difficult to easily liquidate -- typically, private equity investments
• Earlier: Banks Get Five Years to Meet Volcker Demand to Divest Funds

To contact the reporter on this story: Jesse Hamilton in Washington at jhamilton33@bloomberg.net To contact the editors responsible for this story: Jesse Westbrook at jwestbrook1@bloomberg.net Gregory Mott

--AMY THOMSON

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News; Bloomberg will be live blogging after the employment report, please follow the TOPLive blog here.

• Con. Credit $15b; range $11b to $18.3b (23 estimates)
• • In March, consumer credit rose by $16.4 billion, the largest increase since November
  • Revolving and non-revolving credit both increased

--DEREK WALLBANK