China’s (FXI) (MCHI) economy, based on some of its economic indicators, has recently shown signs of a slowdown.
Global economic growth has appeared to be on the rise since 3Q16, but more recently, we’ve seen a mixed performance from emerging markets.
Puerto Rico shares a story similar to Greece’s (GREK) in terms of its dismal economic performance and exacerbated debt issues.
Despite its bankruptcy filing, Puerto Rico has the option to negotiate with its creditors outside the court. It could go through a process equivalent to a Chapter 9 bankruptcy filing.
For years, Puerto Rico has been using tax incentives to attract corporations to do business in its region. Over the last four decades, the agricultural economy has shifted toward the manufacturing and services sectors.
The board overseeing Puerto Rico (PZT) (HYMB) filed for bankruptcy protection in a much-anticipated move in 2017.
Europe’s average unemployment has fallen to a four-year low of 9.8% as of 2016. Greece’s seasonally adjusted unemployment rate was 23.5% in January 2017.
Substantial fiscal consolidation and internal devaluation in Greece have resulted in reduced economic growth and high unemployment levels.
Greece and its international creditors recently reached a deal for a bailout in 2017. It will pay off international loans rather than aid economic recovery.
Russia’s market performance has been affected by geopolitical crisis in Ukraine and Syria since 2014.
Several macroeconomic indicators are suggesting that the Russian (RSX) economy is improving.
Russia’s central bank recently lowered its key interest rate by half a percentage point to 9.25% in April 2017.
The recovery of oil prices in the latter half of 2016 has helped the Russian ruble to appreciate along with improved exports.
The recovery of oil prices in the second half of 2016 has helped the Russian economy recover from negative growth in 4Q16.
The performance of the iShares MSCI All Country World Index ETF (ACWI) depends on the performance of key global indicators.
The US Conference Board Consumer Confidence Index fell in April 2017.
According to a report from the UK Office for National Statistics, the UK’s (EWU) economic growth stood at 0.3% in 1Q17.
US 1Q17 GDP saw an annualized growth rate of 0.7%, which is lower than the market (QQQ) (IWM) expectation of 1.2%.
Germany’s Ifo Business Climate Index strengthened to 112.9 in April 2017 compared to 112.4 in March 2017.
According to a report from the University of Michigan, the US Consumer Sentiment Index rose slightly in April 2017.