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On tap for Tuesday: Redbook.........>

US DATA PREVIEW
US DATA PREVIEW: On tap for Tuesday: Redbook retail sales m/m; Markit Services
Index for January; ISM Non-manufacturing Index (56.9 est); $38B 3Y note auction.
- Barclays economists expect ISM nonmanufacturing composite to come in at "57.4
in January, down a touch from December's 58.0 reading but still in a range
consistent with further solid expansion in the service sector."
- Nomura economists expect the index "to ease slightly to 57.0 in January from
58.0 in December. The 2.4pp decline in this index in December was notable, but
the report suggests still healthy expansion in activity while indicating less
favorable assessment of business conditions with high readings for both new
orders and business activity indices. On the downside, however, the partial
government shutdown that lasted most of January may have affected
nonmanufacturing business sentiment."
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com