What Economic Indicators Should Investors Look for Next Week?
There are several important economic indicators investors should look for next week, including the Eurozone manufacturing PMI and the Eurozone services PMI.
Japan’s economy had a strong performance in the first quarter of 2016. It grew 0.4% and beat Market expectations of a 0.1% growth.
According to the Fed, US industrial production rose to 0.7% in April compared to a 0.9% fall in March. It beat Market expectations of a 0.3% rise.
The US Consumer Price Index increased to 0.4% in April compared to a 0.1% rise in March. It beat Market expectations of a 0.3% rise.
According to the EIA’s report on Wednesday, May 18, 2016, US crude oil inventories rose by 1.3 million barrels for the week ended May 13, 2016.
Important global economic indicators released last week include US crude oil inventories, US CPI (Consumer Price Index), US industrial production, and Japanese GDP data.
Slowing Fed normalization is checking the dollar’s rise, supporting returns on non-USD bonds.
We also favor European equities due to a supportive European Central Bank (ECB) and reasonable valuations.
Despite the strong yen and lower inflation affecting corporate earnings and broader economic growth, the Japanese (EWJ)(DXJ) market seems to be attractively valued.
The Brazilian economy is experiencing contraction due to a fall in commodity prices and the political turmoil. The commodities market is one of Brazil’s most important growth drivers.
Rubenstein believes that crude oil could rally to $70 per barrel next year since crude oil moves in a periodic manner. Once the downside period is over, he says the upside period will continue.
Rubenstein said that many hedge fund managers made wrong macro bets that led to a weak start to the Market in early 2016.
David M. Rubenstein of the Carlyle Group believes that whoever wins the US presidential election won’t be able to accelerate economic growth in the United States.
Rubenstein commented about the US presidential election, saying that whoever wins, it probably won’t accelerate economic growth in the United States.
David Rubenstein spoke at the SALT Conference 2016 about the global macroeconomic scenario. After the conference, he talked about the US presidential election and a rebound for crude oil.
In February 2016, Fed policymakers said the US economy (SPY) (QQQ) (IWM) might face downside risk due to the sluggish global (VTI) (VEU) environment.
The best performance made by Mark Mobius’s Templeton Emerging Markets Group was an investment in Brazil (EWZ) in 1995–1996.
Mark Mobius said that there are tremendous opportunities in China. It’s one of the largest economies. Its GDP (gross domestic product) growth rate is 6%–7%.
Brazil (EWZ) (BRZU) is a favorite emerging market (EEM) (VWO) (EDC) for Mark Mobius. According to Mobius, there are tremendous opportunities in Brazil.
Mark Mobius said that there’s huge potential in emerging markets. When he’s deciding on investments, he looks for three important things in a country.