|Bid||65.00 x 100|
|Ask||74.38 x 100|
|Day's Range||72.61 - 72.90|
|52 Week Range||65.02 - 77.54|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.32%|
After a bumpy ride in the first half of the year, global stocks are bouncing back, with iShares MSCI ACWI Index Fund (NASDAQ:ACWI), which targets the global stock market, up 1% last week. The U.S. stocks, as indicated by SPDR S&P 500 ETF (NYSEARCA:SPY), which tracks the S&P 500 index, is up 1.5% to start the second half versus 0.6% gain for Vanguard FTSE All-World ex-US ETF (NYSEARCA:VEU), which targets the international equity market excluding the United States.Source: Investment Zen via Flickr (Modified)
There are various major economic indicators we’ll discuss this week: Eurozone (VGK) final services PMI German (EWG) final services PMI US (SPY) final services PMI UK (EWU) final services PMI Japan (EWJ) final services PMI France (EWQ) final services PMI Spain final services PMI
Stocks across the globe suffered their worst first half of a year since 2010, wiping out trillions of dollars from the MSCI’s 47-country world index. The iShares MSCI ACWI Index Fund (NASDAQ:ACWI), which targets the global stock market, has lost 0.3% year to date and Vanguard FTSE All-World ex-US ETF (NYSEARCA:VEU), targeting the international equity market excluding the United States, has shed about 3.9%.Source: Shutterstock
A few countries have been spared in the global massacre and will likely maintain their strength. As such, we have highlighted those country ETFs that delivered near to double-digit returns in the first half.
The major developed market economic indicators investors should keep an eye on next week are as follows: United States (SPY) manufacturing PMI (purchasing managers’ index) Eurozone (VGK) manufacturing PMI Japan manufacturing PMI United Kingdom (EWU) manufacturing PMI Spain manufacturing PMI Germany manufacturing PMI France manufacturing PMI ADP employment report Non-farm payroll report Series overview
According to data provided by Markit Economics, the final Markit services PMI of India fell in May 2018. It again was in the contraction zone after showing two months of expansion in the past two months. It stood at 49.6 in May as compared to 51.4 in April and didn’t meet the preliminary market estimate of 51.
Major emerging market economic indicators released in the past week include the following: China final manufacturing PMI China final services PMI India manufacturing PMI India final services PMI Brazil final manufacturing PMI Brazil final services PMI Indonesia manufacturing PMI Mexico manufacturing PMI Russia final manufacturing PMI Russia services PMI Series overview
Analysts say that the Fed's intervention and the development of technologies like Amazon.com have made trying to read the market nearly impossible.
For some time I have believed that our biggest concern about China should be not a possible trade war or military conflict, but the threat posed to the economic leadership of the United States by the rapid progress the country is making in technology. The prevailing view is that China is an enormously effective manufacturer through a combination of the creative use of robotics and low labor costs. Many believe that China’s government prevents the untrammeled expression of ideas and thereby stifles innovation.
Key Eurozone economic indicators released in the past week include: the German Ifo Business Climate Index Eurozone consumer confidence the Eurozone (VGK) ZEW Economic Sentiment Index the German (EWG) ZEW Economic Sentiment Index UK (EWU) inflation Eurozone (VGK) inflation
Key emerging market economic indicators released in the past week include the following: India manufacturing PMI India final services PMI Indonesia manufacturing PMI Mexico manufacturing PMI Brazil final manufacturing PMI Russia final manufacturing PMI China final manufacturing PMI China final services PMI Brazil final services PMI Russia services PMI
The following are the major emerging market economic indicators that investors should analyze this week: India’s (INDA) Manufacturing PMI (Purchasing Managers’ Index) India’s Services PMI China’s (YINN) Manufacturing PMI China’s (ASHR) Services PMI Brazil’s (EWZ) Manufacturing PMI Brazil’s Services PMI Russia’s (RSX) Manufacturing PMI Russia’s Services PMI Indonesia’s Manufacturing PMI Mexico’s Manufacturing PMI Performance of the global market
Global markets (ACWI) seem to be ignoring the Iran deal exit for now despite the possibility of risk escalation in the Middle East. Iranian President Hassan Rouhani was reported to have said that Iran doesn’t in any way welcome new tensions in the region. This statement could have provided some relief to anxious investors who were worried about an increase of risk aversion in the global markets.
On the one hand, fundamentals remain positive, and the global economic expansion appears to have momentum. From a flows perspective, we are seeing allocations along the risk spectrum by fixed income investors, with large inflows into both emerging markets debt as well as more conservative categories like ultra-short bonds.
Key Eurozone economic indicators released in past week are as follows: Eurozone ZEW Economic Sentiment Index German (EWG) ZEW Economic Sentiment Index UK (EWU) inflation Eurozone (VGK) inflation German Ifo Business Climate Index Eurozone consumer confidence
Major emerging market economic indicators released in the past weeks include the following: India’s manufacturing PMI (purchasing managers’ index) Brazil’s manufacturing PMI Russia’s manufacturing PMI China’s manufacturing PMI India’s service PMI China’s service PMI Brazil’s service PMI Russia’s service PMI Indonesia’s manufacturing PMI Mexico’s manufacturing PMI
Major emerging market economic indicators that investors should watch for this week are as follows: Brazil’s (EWZ) manufacturing PMI Brazil’s services PMI India’s (INDA) manufacturing PMI India’s services PMI Russia’s (RSX) manufacturing PMI Indonesia’s manufacturing PMI Mexico’s manufacturing PMI China’s (YINN) manufacturing PMI China’s (ASHR) services PMI
Emerging economies play an important role in global economic growth. Global growth has been improving gradually since 2H16, with the improvements in various fundamental factors of emerging economies also supporting their economic growth. The iShares MSCI Emerging Markets ETF (EEM), which tracks the performance of the emerging markets (VWO), has risen 20.7% over the past year.
On March 24, 2018, at the China Development Forum in Beijing, Allianz CEO Oliver Bate shared his view on the equity market. Since the US presidential election in November 2016, the US equity market has been showing a bullish drive. The expectation of various reforms, deregulation under the new government, and an improvement in various fundamental factors mainly supported the market movement.