US Leading Indicators Index likely to show a 0.4% gain - Wells Fargo
|On Thursday, in the US, the Leading Indicators Index will be released. Analysts from Wells Fargo, expected it to show a 0.4% gain, in line with consensus.
Key Quotes:
“The Leading Economic Index (LEI) has pointed to economic growth continuously in recent months, with April marking its eighth consecutive monthly gain. The measure is now at its highest point of the series, buoyed by continued gains in the stock market and persistently low unemployment claims.”
“The interest rate spread has also been a continued source of strength, most recently accounting for half of April’s monthly growth of 0.32 percent. ISM new orders have also lifted the leading index in 2017, a trend that should continue in May as the measure has kept much of its recent strength.”
“Unemployment claims remain near their lowest levels in more than 40 years, and average weekly claims fell even further in May, suggesting this component will likely boost the index in May as well. The stock market is also likely to provide a boost to the index in May after having a neutral impact in April when the stock market was essentially flat.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.