Focus more on midweek data..........>

US DATA PREVIEW: Focus more on midweek data events. On tap for Wednesday: CPI;

Atlanta Fed inflation; Mar Kansas City Fed LMCI; Mar Treasury budget balance;

March FOMC minutes.

- After February lagged, Morgan Stanley economists expect March CPI to

accelerate by 0.22% "slightly above the six-month average of 0.19%. With a jump

in energy prices along with a solid gain in food prices, we see headline CPI

advancing 0.47%."

- On March minutes, RBS NatWest economists aren't expecting "much new

information to be revealed ... especially since numerous Fed officials have

spoken since the March 20th gathering and their "wait-and-see" message has been

consistent with the March FOMC dot plot, policy statement and Chair Powell's

press conference." RBS said "perhaps one of the more interesting aspects of the

FOMC minutes may be the degree of concern among the Committee concerning

downside risks

to the inflation outlook."