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* **CHINA MAR MANUFACTURING PMI 50.5 VS 50.2 IN FEB...
GERMANY GFK CONSUMER CLIMATE MAY -20.6
MNI JAPAN APRIL TOKYO CORE CPI +3.4% Y/Y; MARCH 2.4%
MNI: JAPAN MARCH SERVICES PPI +3.1% Y/Y; FEB REV +3.2%
MNI SOURCES: ECB Heads For June Cut, But Debate To Be Lively
MNI INTERVIEW: Fed On Hold For A While, Rate Direction Unclear
MNI INTERVIEW 2: China Domestic Demand Key For China-US Race
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