A country’s currency plays a big role in its economy. The movement of a country’s currency reflects the health of its economy. What of the United Kingdom’s currency?
The much-awaited UK (EWU) general election happened on June 8, 2017, and exit polls showed that the ruling Conservative party fell short of gaining the majority vote.
Although the ETF industry posted stellar growth, no one thought of issuing an ETF dedicated to ETF providers. The gap was filled by TETF in April 2017.
The total size of the US ETF (VOO) (IWD) industry rose 32% in 2016 to $2.8 trillion due to continued improvement in markets during the period.
Mutual fund ownership of equities is at the lowest level in ~13 years, while ETFs (SPY) (IVV) are gradually increasing their share in the stock market.
Although ETF (VTV) ownership increased substantially during the last 20 years, it still isn’t high enough to meaningfully impact stock prices.
Since 1993, ETFs have experienced exponential growth and provided easy access for investors to most asset classes and different investing strategies.
The Russian economy seemed to overcome the worries of Western sanctions and the slump in oil prices when Russian equities soared last year.
Inflation in Russia (ERUS) remained steady in May 2017. The only rise was in the price of food compared to the previous month.
Business confidence in Russia (ERUS) continued to show a sign of stability in May 2017 as confidence levels remained steady.
The Russian economy (ERUS) is back to positive growth after two years of recession, mainly due to sanctions and lower oil prices.
According to the US Bureau of Economic Analysis’s estimates, US 1Q17 GDP saw an annualized growth rate of 1.2%, which beat the market (VOO) (IWM) expectation of 0.9%.
Germany’s 1Q17 GDP growth stood at 0.6% as compared to 0.4% growth in 4Q16.
On May 18, 2017, Japan released its first preliminary estimates for 1Q17 GDP.
The University of Michigan Consumer Sentiment Index, released on May 26, 2017, rose to 97.1 in May from 97.0 in April 2017.
The Eurozone ZEW Economic Sentiment Index is improving gradually.
According to the report provided by the Ifo Institute, the Germany Ifo Business Climate Index stood at 114.6 in May 2017 as compared to 113 in April.
Germany (EWG) is one of the leading economies in the Eurozone (IEV) (VGK) (HEDJ).
In this series, we’ll take a look at the ZEW Economic Sentiment Index for Germany (EWG) and the Eurozone (EZU) (VGK) (N100-INDEX) for May 2017.
Although South Korea’s (EWY) manufacturing activity increased in April 2017, its pace of growth slowed amid tensions with its important trading partner, China (FXI). Currently, relations between China (MCHI) and…