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On tap for Tuesday: April...........>

US DATA PREVIEW
US DATA PREVIEW: On tap for Tuesday: April Philadelphia Fed Nonmfg and Richmond
Fed Mfg Index; Redbook retail sales m/m; several housing price, sale and
building data.
- Morgan Stanley economists forecast more moderate new home sales for March
after Feb's sales jump of 4.9%. MS sees new home sales "declining 2.6% to a rate
of 601,000 units. With home sales having softened through much of last year, a
print in line with our forecast would bring sales down 11% on a year-over-year
basis."

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