|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||72.68 - 72.89|
|52 Week Range||66.53 - 77.54|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.32%|
Could Spike in Volatility Make Emerging Market Growth Stumble? The emerging markets sell-off has continued in recent weeks, as the U.S. dollar remains strong amid domestic economic data that supports a case for higher U.S. interest rates. Many emerging markets local currencies have been severely impacted, particularly those of more vulnerable countries and where political risk is rising.
The key developed market economic indicators that investors should watch next week follow: Eurozone manufacturing PMI UK (EWU) manufacturing PMI Spain manufacturing PMI Germany manufacturing PMI US manufacturing PMI Japan manufacturing PMI France manufacturing PMI US ADP employment US (SPY) non-farm payroll report Overview
Although Dan Loeb is feeling positive about market movement, he believes there will be huge obstacles due to the above risks. The intensifying trade war tension between the US (QQQ) and China (FXI) is further adding nervousness to the market movement (SPY) and affecting investors’ sentiment.
Below are the key emerging market economic indicators that were released in the past weeks: Brazil Final Manufacturing PMI Brazil Final Services PMI Mexico Manufacturing PMI India Manufacturing PMI India Final Services PMI Indonesia Manufacturing PMI China Final Manufacturing PMI China Final Services PMI Russia Final Manufacturing PMI Russia Services PMI
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