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

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."