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US markets resume Tuesday...........>

US DATA PREVIEW
US DATA PREVIEW: US markets resume Tuesday following extended Memorial Day
holiday weekend, focus on May Conference Board consumer confidence Tuesday, Q1
GDP second estimate on Thursday, April personal income and current dollar PCE
data Friday along with MNI Chicago PMI report for May. Fed speaker engagements
are rather limited (next blackout period is June 8-20, FOMC on June 18-19 that
includes Summary of Economic Projections. U.S. Tsy auctions: 13- and 26W bills
staggered with 2- and 5Y notes on Tuesday, 2Y FRN and 7Y notes Wed.
- On tap for Tuesday: FHFA Home Price and Case-Shiller Home Price Indexes; May
Conference Board consumer confidence; Dallas Fed manufacturing index. 
- Morgan Stanley economists estimate the Conference Board consumer confidence
index "to increase by 3.9 to 133.1 for May. This comes despite some slight
headwinds from a decline in stock prices in the survey period."
- On the other hand, Deutsche Bank estimates May consumer confidence to decline
to 125.0 vs. "129.2 previously. The survey-collection period for the Conference
Board index runs through the 18th of the month, and this could capture the
initial consumer reaction to the recent weakness in risk assets."

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