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Salient data highlights for.........>

US DATA PREVIEW
US DATA PREVIEW: Salient data highlights for Thursday (estimates): Weekly
jobless claims (215k est); November import/export price indexes; Nov Treasury
budget balance (-$204.0b); $16B 30Y Bond auction.
- On weekly claims, Nomura said that "despite the recent uptick in initial
jobless claims, likely the result of inclement weather events and
holiday-related volatility, the labor market is likely to remain healthy in an
economy that, for the moment, continues to grow above potential."
- Deutsche Bank economists note "four-week moving average of jobless claims has
risen from a multi-decade low of 206k in the middle of September to 228k as of
the December 1 data...As of the latest data from last week, the four-week moving
average of claims was down -5.3%, which compares to -15.6% in Q3. Despite the
diminished downward momentum in claims, they still point to real GDP growth of
3%-plus over the next couple of quarters."

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