Data picks up Tuesday with..........>

US DATA PREVIEW: Data picks up Tuesday with inventory and trade gap numbers,

Redbook retail sales, Case-Shiller Home Price Index and the release of August

Consumer Confidence, 126.5 est vs. 127.4 prior). 

- Barclays economists expect the consumer confidence index "to have fallen

slightly to 126.5 in August, from 127.4 previously. Nevertheless, this would be

consistent with another month of solid consumer sentiment given the continued

strength in the stock markets and improvements in labor markets.

- RBS NatWest economists, on the other hand, expect consumer confidence "to have

remained mostly steady in August, as ongoing strength in the employment

situation may have continued to offset concerns over tariffs."

- Tuesday also includes the second leg of Treasury supply with the $37B 5-year

note auction followed by $17B 1Y11M FRN and $31B 7-year note auctions on

Wednesday.