On the week ahead data, Deutsche....>

US DATA PREVIEW: On the week ahead data, Deutsche Bank economists posited none

"should deter the Fed from hiking at their upcoming meeting, which the markets

have almost completely priced in. The domestic picture should remain the focal

point for the Fed and data in recent weeks point to an economy with a tightening

labor market, in which steady income gains continue to support above-trend GDP

growth and a continuation of 'gradual' interest rate increases," DB said. After

last Friday's "better-than-expected average hourly earnings print" pushed "the

year-on-year change up about 15bps to 2.71%, Tuesday's JOLTS report and

Wednesday's productivity (+0.7% forecast vs. +0.3% previously) and unit labor

costs (+2.7% vs. +2.1%) data may garner some additional interest. However, both

will be a bit stale as the JOLTS report is for April and the other two are

revisions for Q1, reflecting last week's preliminary GDP release," DB concluded.