How Trump’s Tax Reforms Could Affect the Economy
Under Donald Trump’s tax plan, the lowest earning Americans are likely to be the biggest winners.
November 8, 2016, marked a major political shift in the history of the United States as Donald Trump was elected as the next US president.
The most important indicator for this week is economic sentiment. The Economic Sentiment Index shows the condition of the economy and investor confidence.
According to a preliminary estimate from the Bureau of Economic Analysis, US GDP showed a huge improvement in 3Q16. GDP surprised the market with a rise of 3.2%.
The ADP National Employment Report for November 2016 came out on Thursday, December 1. It shows a significant rise of 216,000 in private-sector employment.
Non-farm employment in the United States (SPY) (SPXL) added 178,000 jobs in November compared to 161,000 in October.
According to an EIA report on November 30, 2016, US crude oil inventories fell 0.88 MMbbls for the week ended November 25, 2016.
According to a report by the National Bureau of Statistics of China, China’s final manufacturing PMI was 51.7 in November 2016 compared to 51.2 in October.
Japan’s Manufacturing PMI was 51.3 in November 2016 compared to 51.4 in October. It met market expectations.
According to a report by Markit Economics, Canada’s manufacturing PMI was 51.5 in November 2016 compared to 51.1 in October.
According to a report by Markit Economics, India’s manufacturing PMI was 52.3 in November 2016 compared to 54.4 in October.
According to data provided by Markit Economics, the final manufacturing PMI for Germany was 54.3 in November 2016 compared to 55.0 in October.
According to a report by Markit Economics, the final manufacturing PMI for the Eurozone was 53.7 in November 2016 compared to 53.5 in October.
According to data provided by Markit Economics, the final Markit France Manufacturing PMI was 51.7 in November 2016 compared to 51.8 in October.
The November manufacturing PMI report indicates an improvement in the US business condition. It was 54.1 in November compared to 53.4 in October.
In this series, we’ll take a look at the global manufacturing PMIs for November 2016. Manufacturing PMIs help us understand the business condition of an economy.
In recent years, lower oil prices, higher employment, higher wages (albeit at a slow growth pace) have led to an acceleration in consumption growth.
The VanEck Vectors Morningstar Wide Moat ETF (MOAT) tracks the price and yield performance of the Morningstar Wide Moat Focus Index.
Since moat companies (TIF) (MSFT) have sustainable competitive advantages over their competitors, they generate higher returns compared to the benchmark over a longer period.
Morningstar’s research and investment philosophy is based on the concept of an economic moat (MOAT).