Our early take on the global reporting season

1 The US Leading Economic Indicator includes both Financial components like credit, stock prices and interest rates as well as Non-financial economic variables such as expectations for business conditions, ISM new orders, building permits, average weekly hours in manufacturing, new orders and unemployment claims etc. See website for more details. https://www.conference-board.org/topics/us-leading-indicators 2 The US Leading Economic Indicator includes both Financial components like credit, stock prices and interest rates as well as Non-financial economic variables such as expectations for business conditions, ISM new orders, building permits, average weekly hours in manufacturing, new orders and unemployment claims etc. See website for more details. https://www.conference-board.org/topics/us-leading-indicators Important Disclosures Issued by State Street Global Advisors, Australia, Limited (AFSL Number 238276, ABN 42 003 914 225) (“SSGA Australia”). 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