Which Economic Indicators Should Investors Watch This Week?
There are several important economic indicators we should watch this week:
- Eurozone (EZU) (VGK) Flash Manufacturing PMI (Purchasing Managers’ Index)
- Germany (EWG) Flash Manufacturing PMI
- France (EWQ) Flash Manufacturing PMI
- UK (EWU) 2Q17 preliminary GDP
- US Consumer Confidence Index
- Germany Ifo Business Climate Index
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Performance of ACWI
The performance of the iShares MSCI ACWI (ACWI) depends on the performances of the above global indicators. It’s important to track these indicators in order to identify the movement of the global market.
The most important indicators for this week are the UK’s 2Q17 GDP growth, the US Consumer Confidence Index, and the Germany Ifo Business Climate Index. It’s important to understand how the United Kingdom’s economy is performing after the Brexit shock. US consumer confidence is another important economic indicator. A rise in consumer confidence indicates that consumer demand and consumer activity are improving, which is very important for a stronger economy.
You may also want to read Mario Gabelli: Where Investors Should Look in Current Scenario.