Gold Silver Reports (GSR) – The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually – so there isn’t much of an impact on this release.
- Prior 106.2
- Coincident index 116.1 vs 116.1 expected
- Prior 117.5
Slight delay in the release by the source. A continued bounce in the leading index, so that will provide some comfort for the Japanese economic outlook. A minor data point though. Today, the focus of trading will be about the trade rhetoric and the US jobs report.
The index basically measures up employment data, consumer confidence, production, housing, and stock market data, etc as its leading indicators to derive the number. – Neal Bhai Reports
