Economic Indicators Investors Should Watch This Week
There are several important economic indicators that investors should watch this week:
- US (IWM) final services PMI (purchasing managers’ index)
- UK (EWU) final services PMI
- German (EWG) final services PMI
- France (EWQ) final services PMI
- Eurozone (EZU) (VGK) final services PMI
- Spain final services PMI
- Japan final services PMI
- China final services PMI
- India final services PMI
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Performance of ACWI
The performance of the iShares MSCI All Country World Index ETF (ACWI) depends on the above global indicators. It’s important for investors to track the performance of these indicators to identify global market movement.
The most important indicators for this week are the services PMIs of developed (EFA) and emerging nations (EEM). Emerging markets showed strong performances so far this year and outperformed major developed markets such as the US (QQQ) and Europe (VGK).
The services PMIs will show trends in the service industry including new orders, export orders, production output, and employment. Both manufacturing and services PMI are important indicators of economic health.
You may also be interested to read, Warren Buffett’s Latest Views on the Economy and Stock Picks.