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On better than expected Feb...........>

US DATA REACT
US DATA REACT: On better than expected Feb existing home sales data (+3.0 to
5.54M saar), JP Morgan's economic researcher Dan Silver says despite the upbeat
number "it still seems very likely that real residential investment will decline
in 1Q based on a range of source data currently available." That said, Silver
added the "housing market should also be getting a boost from the recent
strength in job growth and wages."

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