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

US DATA PREVIEW
US DATA PREVIEW: On tap for Thursday: Weekly jobless claims; Q1 GDP second
estimate; Apr advance goods trade gap, wholesale & retail inventories; NAR
pending home sales index; natural gas and crude oil stocks.
- Fed Vice Chair Richard H. Clarida will discuss "Sustaining Maximum Employment
and Price Stability" at the Economic Club of New York Signature Luncheon in New
York Thursday.
- Barclays economists "expect the nominal goods deficit to remain broadly
unchanged at $71.5bn in April, driven by similar declines in imports and
exports."
- Nomura economists "expect Q1 real GDP to be revised down 0.3pp to 2.9% q-o-q
saar in the BEA's second estimate. The Census Bureau's advance Quarterly Service
Survey suggests weaker consumer spending on services than the BEA's
assumptions."

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