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Morgan Stanley economists on........>

US DATA PREVIEW
US DATA PREVIEW: Morgan Stanley economists on Friday's employment cost index,
are expecting ECI to rise 0.7% in "1Q18 after a 0.6% gain in 4Q17. On a
year-over-year basis, the 1Q ECI contends with a difficult base effect with a
robust 0.78% increase in 1Q17 falling out of the 12-month window in this print."

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