US: Jobless claims and leading economic indicator in focus – BBH

By FXStreet Research Team at BBH, suggests that the US weekly jobless claims may draw more attention than usual after last week’s jump (from NY, and may be related to a labor dispute).

Key Quotes

“The Leading Economic Indicator will also be reported. It is a composite of other data, so it has little informational content. However, the 0.4% gain expected is twice the 12-month average, and would be the second consecutive gain after contracting in the December-February period. It provides a broad signal that the US economy is emerging for the six-month soft patch here in Q2.”
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Source:: FX Street