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US DATA PREVIEW
US DATA PREVIEW: Credit Suisse analysts led by James Sweeney said "next week's
highlights" will be next Friday's November US Employment Report plus also Friday
10am ET "preliminary reading for December UMich Consumer Sentiment."
- They expect a "second strong month for payrolls growth as the recovery from
Hurricanes Harvey and Irma likely continued into November. We estimate the
hurricane recovery added around 125K jobs in October and anticipate a smaller
20-40K boost to November employment growth. Smoothing out the weather-related
noise, our forecast is consistent with trend job gains around 160K. The
unemployment rate is likely to tick down slightly to 4.0%. Average hourly
earnings disappointed in October, and we expect a reading of just 0.1% MoM
growth in November. This would lift the YoY reading slightly to 2.5%."

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