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U.S. Leading Economic Index continues to rise in April

The Leading Economic Index of U.S. continued with its upward trend in April. The index rose 0.3 percent on a sequential basis, recording its eighth straight gain. The rise in index was stimulated by the strength in the interest rate spread and initial jobless claims components.

Six of the components contributed positively to the headline figure, whereas two components contributed negatively. Stock prices had contributed positively to the headline print for the earlier five months, but it subtracted 0.01 percentage points from the index in April. The most negative contributor was building permits, which subtracted 0.07 percentage points off the headline print.

The initial jobless claims component positively contributed 0.10 points to the index while manufacturing hours worked added another 0.07 percentage points. This reversed March’s report where these two components had negatively contributed to the headline print. Meanwhile, the interest rate spread component continued to be the largest positive contributor to the index, adding 0.16 percentage points to the headline.

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July 26 18:00 UTC Released

USFed Funds Target Rate

Actual

1.00-1.25 %

Forecast

1.125 %

Previous

1.125 %

July 26 15:30 UTC Released

BRForeign Exchange Flows*

Actual

-2.885 bln

Forecast

Previous

-2.949 bln

July 26 23:00 UTC 2626m

KRNew Home Sales-Units*

Actual

Forecast

2.7 mln

Previous

2.9 mln

July 26 23:00 UTC 2626m

EZGDP Growth QQ*

Actual

Forecast

0.6 %

Previous

1.1 %

July 26 23:00 UTC 2626m

EZGDP Growth YY*

Actual

Forecast

2.7 %

Previous

2.9 %

July 26 23:00 UTC 2626m

KRGDP Growth QQ*

Actual

Forecast

0.6 %

Previous

1.1 %

July 26 23:50 UTC 7676m

JPForeign Invest JP Stock

Actual

Forecast

Previous

341.0 bln JPY

July 26 23:50 UTC 7676m

JPForeign Bond Investment

Actual

Forecast

Previous

947.8 bln JPY

July 26 23:50 UTC 7676m

JPForeign Bond Investment

Actual

Forecast

Previous

947.8 bln JPY

July 26 23:50 UTC 7676m

JPForeign Invest JP Stock

Actual

Forecast

Previous

341.0 bln JPY

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