Manufacturing PMI Dips in the Eurozone: HEDJ Down 0.52%
The Eurozone’s PMI dipped to 51.9 in April from the 52.2 recorded in March. The PMI is an indicator for manufacturing activity within a given region.
Consumer sector companies gained on April 23—despite a rise in jobless claims in the US for the week ending April 18, 2015.
The US stock market, as measured by the SPDR S&P 500 ETF (SPY), was up 0.25% on April 23. AT&T was up 4.17%, while eBay gained 3.77%.
Eurozone consumer confidence, which had been rising for five months, declined to -4.6. The figure was way below median expectations of -2.5 for April.
The April 22 Existing Home Sales report by the National Association of Realtors seems to have turned the tables in favor of the housing market.
The US stock market was up 0.49% on April 22. Wall Street was optimistic on positive earnings reports from large multinational corporations for the fiscal quarter ended March 2015.
There is a cyclical aspect of the labor market conundrum. People typically drop out of the work force during and immediately after recessions.
In 2014, 74% of women ages 25–54 were part of the workforce. It was 76% in 2006. This effectively means there are 2.6 million fewer women working today.
The labor force participation continues to stay low even with the labor market recovery robustly in place. The aging population is one of the causes.
Even though the March jobs report came in lower than expected with only 126,000 job additions, the labor market recovery looks extremely robust.
Japanese corporates have seen a strong earnings growth of almost 20% in 2014, making Japanese equities look very attractive.
Look overseas for opportunities. The European and Japanese stock markets have outperformed the S&P 500.
Prefer stocks over bonds, but be choosy. You need to avoid bond proxies like utilities and REITs (VNQ).
The US dollar could strengthen further due to diverging monetary policies. Russ explains, noting three portfolio moves to consider as the second quarter kicks off.
For April 2015, the ZEW Indicator of Economic Sentiment for Germany and the Eurozone brought good news for investors in European equity.
On April 21, the biotechnology firm reported $2.48 in EPS—far above market expectations of $2.07. Amgen (AMGN) stock was up 1.50%.
Harley-Davidson stock was down by 9.79% as the company announced its outlook for the year. investors weren’t happy with the company’s plans to cut output.
The Greece-tracking Global X FTSE Greece 20 ETF (GREK) was down 2.48% amid renewed fears of a Grexit. Greece faces an inverted yield curve.
The gain made by Hasbro (HAS) stock led the US stock market and its benchmark S&P 500 Index. The stock soared 12.55% by the close on April 20.
Japanese funds have seen inflows in 2015 as quantitative easing supports stocks.
But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.