The MSCI Brazil Index (EWZ) is set for additional gains in 2017, equally impressive as 2016.
In spite of the major problems in its political and financial systems, the Brazilian real (BZF) has been rising since 2016.
Economic activity in Brazil (EWZ) has been slow as it tries to emerge from its deep recession in 2016. But consumer and business confidence is improving.
The U.S. Consumer Sentiment Index improved in April 2017. It was 98.0 in April 2017 compared to 97.6 in March 2017.
It’s important to track the performance of economic indicators in order to identify the movement of the global market.
US retail sales fell 0.20% in March 2017, which was below market expectations of a 0.10% rise. Sales fell 0.30% in February 2017.
The U.S. Consumer Price Index (or inflation index) was -0.30% in March 2017, compared to 0.10% in February 2017.
The Eurozone Sentix Investor Confidence Index was 23.9 in April compared to 20.7 in March, beating the market’s expectation of 21.0.
Eurozone industrial production fell 0.30% in February 2017 compared to a 0.30% rise in January 2017.
The Eurozone ZEW Economic Sentiment Index rose to 26.3 in April 2017 compared to 25.6 in March 2017.
Germany’s ZEW Economic Sentiment Index (EWG) was 19.5 in April 2017 compared to 12.8 in March 2017.
Global investors should monitor economic indicators to identify short-term economic trends and changes in market sentiments.
Turkey attracted $12.3 billion in foreign direct investment in 2016, higher than expected considering the latest developments in Turkey and the neighboring region.
Political uncertainty, a fall in tourism, weak corporate profitability, and credit growth are expected to impact Turkey’s (TUR) growth in 2017.
According to the Turkish government’s latest Medium-Term Economic Plan (or MEP), its forecast for a current account deficit for 2017 is $32 billion, or 4.2% of GDP.
Global markets fell as the United States launched 59 Tomahawk missiles at a Syrian government airbase on the expectation of a chemical attack against Syrian civilians early in April 2017.
The stock market in Turkey rose slightly as the people of Turkey voted for new President Recep Tayyip Erdoğan by a margin of 2.7% on April 16, 2017.
The financial technology industry embodies a combination of financial services and communications tech and aims to reshape the financial sector landscape.
President Trump is expected to submit a tax reform and infrastructure spending package to Congress this year—all aimed at increasing business investments.
Former Morgan Stanley head John Mack is highly optimistic about tech in 2017, given the high creativity across the sector.