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On tap for Tuesday: NY Fed..........>

US DATA PREVIEW
US DATA PREVIEW: On tap for Tuesday: NY Fed Business Leaders Index; industrial
production (0.2%) and capacity utilization (78.2%); NAHB home builder index; net
TICS flows for August.
- Nomura economists "expect a steady 0.4% m-o-m increase in industrial
production in September, some of which will likely be driven by strong
contributions from autos and mining sectors."
- On NAHB housing market index, Nomura expects the index to "ease slightly to 66
from 67 in October. While our forecast of 66 still indicates strong optimism,
the recent incoming data have shown indication that worsening affordability may
be affecting demand for new housing."

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