US DATA REACT: State St says Jan trade bal narrowed by near $2b and
they raised 1Q-2010 GDP est to +3.10% from +3.0%. They were surprised
by soft cap-ex components but “believe that the pullback in 1Q-10 capex
spending should prove transitory, and should reverse in 2Q-2010.” Their
early Mar payroll est is +235k incl a gain of +165k from Census hires.
“Looking further ahead, non-farm payrolls could grow as much as +165.0k
in April, and near +600.0k in May.”