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On tap for - Tuesday: December......>

US DATA PREVIEW
US DATA PREVIEW: On tap for - Tuesday: December housing starts (1.261m est),
building permits (1.290m) and Case-Shiller Home Price Index; Conference Board's
consumer confidence. Treasury 52W bill and 7Y note auctions. Fed Chair Powell
semiannual monetary report to Congress.
- JP Morgan economists "forecast that housing starts declined 1.3% to 1.240mn
saar in December while housing permits declined 1.6% to 1.300mn saar." JPM adds
the "recent decline in rates should boost activity in the housing market, and we
look for the single-family data to show increases in both starts (5.0%) and
permits (1.4%) in December."
- On consumer confidence, Morgan Stanley economists "expect the headline index
to recover 4.6 points to 124.8" spurred by the U.S government reopening,
"resolved political uncertainty" and "improved stability in financial markets."

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