Since 1H16, the UK’s vote to exit the EU and the continued populist stance in the Eurozone seem to have improved investment sentiments in the region.
Global recovery and resilient domestic demand are expected to support Eurozone (EZU) (FEZ) recovery in 2017.
Eurozone inflation expectations seem to have risen from the low levels of 2015, and global factors appear to be helping Europe’s inflation get back on track.
There are several important economic indicators that investors should watch for this week like US manufacturing PMI and Japan (EWJ) (DXJ) manufacturing PMI.
According to a report from the University of Michigan, the US Consumer Sentiment Index improved in March 2017.
According to the EIA’s (Energy Information Administration) report on March 29, 2017, US crude oil inventories rose 0.87 MMbbls (million barrels) in the week ended March 24, 2017.
Germany’s Ifo Business Climate Index strengthened to 112.3 in March 2017 compared to 111 in February 2017.
The US Conference Board Consumer Confidence Index showed a massive improvement in March 2017.
US 4Q16 GDP saw an annualized growth rate of 2.1%, which is higher than the market (QQQ) (IWM) forecast of 2%.
In this series, we’ll take a look at the final US GDP growth rate for 4Q16. We’ll also look at US consumer confidence and US consumer sentiment for March 2017.
Snapchat (SNAP) was the first major venture-backed technology IPO (initial public offering) in 2017. It sold ~200 million shares to raise ~$3.4 billion.
Equity market indexes across the United States are surging and recording all-time highs. The volatility index is also falling, which could be a good sign for IPO activity in 2017.
Since the beginning of 2017, the Dow Jones Industrial Average and the NASDAQ have risen ~4% and 10%, respectively, as of March 31, 2017.
The technology sector’s growth has mostly been driven by consumers from others sectors, as they depend on technology to facilitate their smooth functioning.
The Materials Select Sector SPDR ETF (XLB), which tracks the performance of the material sector, showed a weaker performance in March 2017.
The Industrial Select Sector SPDR ETF (XLI), which tracks the performance of the industrial sector, fell -2.5% in March 2017.
The Energy Select Sector SPDR ETF (XLE), which tracks the performance of the energy sector, saw a poor performance in March 2017.
The Health Care Select Sector SPDR ETF (XLV), which tracks the performance of the healthcare sector, showed a weaker performance in March 2017.
The Technology Select Sector SPDR ETF (XLK), which tracks the performance of the technology sector, returned nearly 0.4% in March 2017.
The financial sector (XLF) was the biggest loser in March 2017.