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On this week's muted data risk,.....>

US DATA PREVIEW
US DATA PREVIEW: On this week's muted data risk, largely centered on various
housing metrics: Housing starts (1.245m est) and building permits on Wednesday,
Existing home sales on Thursday. Credit Suisse economists said that "after two
months of sluggish performance, we expect housing starts to partially recover in
August, rising 4.5% MoM to 1220k." On Existing home sales, CS expects the level
"to decline for the fifth consecutive month in August, falling 0.4% MoM to
5.32M."

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