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US DATA PREVIEW
US DATA PREVIEW: Deutsche Bank economists estimate Wednesday's CPI will rise
+0.3% due to increased gas prices (despite Friday's sell-off) with core CPI
steady at 0.2%. "A 0.16% reading on core would drag the year-on-year growth rate
down a tenth to 1.65%," DB added. "Given that December's year-on-year rate
rounded up to 1.8%, there is a risk that January's rate rounds down to 1.6%, a
smaller change than would appear." PPI's release after CPI, does not alter DB's
"CPI forecast and we expect similar gains for both the headline (+0.3% vs.
-0.1%) and core (+0.2% vs. +0.1%) PPI measures."

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