Housing starts are expected to total 1.160 million units (seasonally adjusted annual rate) in tomorrow’s March report, according to The Capital Spectator’s average point forecast of several econometric estimates. The projection represents a slight decline from the previous month’s level of residential construction activity.
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Foreign stocks posted strong gains last week (in unhedged US dollar terms), with emerging-market equities in the lead. In close pursuit:  stocks in developed markets ex-US. Meantime, bonds suffered over the five trading days through Apr. 15, with foreign corporates posting the biggest decline among the major asset classes, based on a set of proxy ETFs.
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● US industrial output falls in Mar, signals weak Q1 GDP growth | Reuters
● US consumer sentiment weakens in initial Apr reading | MarketWatch
● New York manufacturing expanded in April | AP
● China Says Q/Q Growth in First Quarter 1.1%, Lowest On Record | MNI
● Oil price dives after producers fail to agree output cap | BBC
● Brazil’s lower house votes for Rousseff’s impeachment | CNN
● Slower growth, higher leverage, and more tail risk for economies | Econobrowser