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

US DATA PREVIEW
US DATA PREVIEW: On tap for Tuesday: Redbook retail sales; Jan factory new
orders; FOMC meeting day one of two.
- Barclay economists "expect overall factory orders to have moved up only
modestly in January, mostly due to strength in the volatile nondefense aircraft
category. We look for the durables categories - including core capital goods
orders - to show little change from the mixed readings in the advance print." 
- Nomura economists say Jan factory orders "likely increased at a healthy pace
... boosted by a rebound in orders for nondurable goods and a solid increase in
orders for civilian aircraft. The rebound in commodity prices in January
following steep declines in November and December may have contributed to a
rebound in nondurable goods orders."

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