Brazil (EWZ) is expected to see a reversal of the downward trend in its economic growth in 2017, mostly with the help of rising commodity prices and improvements in exports.
The service sector is the main contributor to Brazil’s GDP and job creation, but it’s currently suffering from structural weakness and poor international performance.
The government of Brazil has increased its spending regardless of the economic cycle to lift the Brazilian economy from its deep recession.
Consumer confidence index polls include Brazil’s seven largest cities and measures consumers’ willingness to purchase various consumer goods.
Brazil’s economy is currently emerging from a severe and prolonged recession. Some reasons for the slump in the country’s economy were political uncertainty and lower consumer and business confidence.
Trump’s pro-economy proposals such as tax cuts and heavy spending on infrastructure could cause the Federal Reserve to speed up interest rate hikes.
President Trump’s proposal to spend heavily on infrastructure could have significant implications on the materials and industrials sectors.
New policies may affect each sector differently, which is causing sectors to move in a variety of directions. Let’s see what impact Trump’s policies could have on certain sectors.
The performance of the iShares MSCI All Country World Index ETF (ACWI) depends on the performance of global indicators.
Eurozone inflation rose 1.8% on a year-over-year basis in January 2017 as compared to 1.1% rise in December 2016.
The February flash US services PMI (purchasing managers’ index) report indicates a slower improvement in US (SPY) (QQQ) (VFINX) business conditions this month as compared to last month.
The Ifo Business Climate Index for Germany improved in February 2017.
According to a report from the University of Michigan, the US consumer sentiment index has risen slowly in February 2017.
On February 22, 2017, the United States Oil Fund (USO) fell 1.5%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 3.1% after the announcement of the latest crude oil (USL) (BNO) (DBO) inventories report.
The final Eurozone manufacturing PMI (purchasing managers’ index) stood at 55.5 in February 2017 compared to 55.2 in January.
Japan’s flash manufacturing PMI (purchasing managers’ index) stood at 53.5 in February 2017 compared to 52.7 in January, which was above market expectations of 52.1.
According to data provided by the European Commission, Eurozone consumer confidence fell to -6.2 in February 2017 as compared to -4.8 in January 2017.
The flash Markit France manufacturing PMI (purchasing managers’ index) stood at 52.3 in February compared to 53.6 in January 2017.
The flash Markit Germany manufacturing PMI (purchasing managers’ index) stood at 57 in February 2017 compared to 56.4 in January.
The February flash manufacturing PMI (purchasing managers’ index) report indicates a slower improvement in the US business condition.