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On tap for Thursday: Weekly.........>

US DATA PREVIEW
US DATA PREVIEW: On tap for Thursday: Weekly claims; March Philadelphia Fed Mfg
Index; Leading Indicators for February; natural gas stocks; Fed weekly
securities holdings for March.
- Morgan Stanley economists "forecast a 0.1% rise in the Conference Board's
leading index in February following a flat reading in January. Supporting the
index will be a rebound in consumer confidence, rising stock prices, and the
yield curve."
- On Philly Fed survey, Nomura economists say "after a sharp, downside surprise
in the Philly Fed survey in February, with the headline business conditions
index falling to -4.1, we expect a rebound in March to 7.0. Other regional
Federal Reserve Bank manufacturing surveys during February remained somewhat
subdued but within territory above the
contractionary Philly Fed reading, suggesting some room for recovery in March."

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