Trial now

Approaching Support


(U1) Still Below Recent Highs


Timeline of key events (Times BST)


(U1) Still Defying Gravity

     WASHINGTON (MNI) - The following are highlights of forecasts for   
upcoming U.S. economic indicators provided by participants in the MNI   
weekly survey. The comment section presents the key elements behind the 
median forecasts.        
Weekly Jobless Claims for April 14 week                                 
 Thursday, April 19 at 8:30 a.m. ET                       Actual:       
                 Median         Range                Apr14  Apr07  Mar31
 Weekly Claims     230k       222k to 230k              --   233k   242k
     Comments: The level of initial jobless claims is expected to fall  
by 3,000 to 230,000 in the April 14 employment survey week after a 9,000
decrease in the previous week. Claims were at a level of 227,000 in the 
March 17 employment survey week. The four-week moving average would rise
by 750 in the coming week, as that 227,000 level in the March 17 week   
drops out of the calculation, assuming the MNI forecast is correct and  
there are no revisions.                                                 
Philadelphia Federal Reserve Index for April (diffusion index)          
 Thursday, April 19 at 8:30 a.m. ET                      Actual:        
                 Median        Range                 Apr18  Mar18  Feb18
 Phila Fed         21.0      18.0 to 22.0               --   22.3   25.8
     Comments: The Philadelphia Fed reading is forecast to dip further  
to a reading of 21.0 in April after falling to 22.3 in the previous     
Leading Indicators for March (percent change)                           
 Thursday, April 19 at 10:00 a.m. ET                     Actual:        
                 Median         Range                Mar18  Feb18  Jan18
 Leading Index    +0.3%     +0.2% to +0.3%              --  +0.6%  +0.8%
     Comments: The index of leading indicators is forecast to rise by   
0.3% in February, continuing the string of solid gains. However, a      
shorter factory workweek, a decline in consumer expectations, and a drop
in the ISM new orders reading provide some downside risk.               
--MNI Washington Bureau; +1 202-371-2121; email:
[TOPICS: M$U$$$]