|Bid||72.00 x 1000|
|Ask||72.96 x 1200|
|Day's Range||72.79 - 73.04|
|52 Week Range||65.00 - 77.54|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.32%|
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.
The FOMC’s (Federal Open Market Committee) March meeting concluded on Wednesday, March 21, 2018. The Fed decided to increase the federal funds rate by 0.25%. The increase in the interest rate seems to have been completely priced in, but the markets were eagerly awaiting the Fed’s dot plot and summary of economic projections.
On March 7, 2018, during a Reddit Ask Me Anything production, Bill Gates, billionaire investor and principal founder of Microsoft, shared his view on the US market and the US economy. When asked about whether the United States will have another financial crisis like 2008 in the near future, Gates replied, “Yes. Many fund managers already warned during the recent market corrections in February 2018 that higher leverage-based trading and leveraged-based products have disturbed the market, and they might cause a disruption in the stock market.
In the previous article, we noted that Citi’s (C) global macro strategists believe we could see more corrections in the markets due to the Fed’s aggressive rate hike process. The Fed began its gradual rate hike process in December 2015.