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On tap for Wednesday: February......>

US DATA PREVIEW
US DATA PREVIEW: On tap for Wednesday: February trade balance, wholesale
inventories and sales; Fed Beige Book for upcoming FOMC.
- On trade balance, Bank of America ML economists estimate the trade deficit
will widen to $53.2bn in February from $51.1bn in January. We think the previous
plunge in goods imports was partly due to transitory factors including delayed
shipments due to the Chinese Lunar New Year. Goods imports are likely to pick up
in February as domestic demand remains solid. Meanwhile, we anticipate goods
exports to resume its decline."

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