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On tap for Tuesday: Producer........>

US DATA PREVIEW
US DATA PREVIEW: On tap for Tuesday: Producer Price Index for December (-0.1%);
January Empire Manufacturing Index (7.5); 12-Jan Redbook retail sales m/m.
- Morgan Stanley economists see core PPI (ex food, energy, and trade services)
"rising 0.25% in December and headline PPI up 0.12%." MS said that their
forecasts "are consistent with headline PPI rising on a year-over-year basis
(NSA) to 2.8%Y from 2.5% and core PPI rising to 3.0%Y from 2.8%Y."
- On regional Fed manufacturing surveys, RBS economists said Tuesday's Empire
State and Thursday's Philly Fed survey, "will likely get some added attention in
the wake of the reported plunge in the national ISM reading from December.

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