The NASDAQ Index in 2017 so far has risen nearly 12% as of May 9, outperforming the other major US indexes.
European markets are looking forward to major US economic releases such as inflation data and retail sales data scheduled for today.
Chinese markets started to regain some strength on Thursday. On May 12, China’s Shanghai Composite Index continued to strengthen.
After losing momentum on Thursday, the US dollar is slightly weaker in the early hours on May 12 due to concerns about political uncertainty in the US.
After consolidating for three consecutive trading days, the S&P 500 started May 11 on a weaker note by opening lower and falling to one-week low levels.
Charles L. Evans, president of the Federal Reserve Bank of Chicago, said it’s extremely important that the Fed reach its inflation (VTIP) goal.
Loretta J. Mester, president of the Federal Reserve Bank of Cleveland, said she doesn’t want the Fed to fall behind the curve.
In Rosengren’s view, the markets can absorb the rebalancing of the Fed’s balance sheet only if the entire process is done gradually.
Eric Rosengren, president of the Federal Reserve Bank of Boston, warned about the jobless rate being below the natural full employment estimate of 4.7%.
After gaining for five consecutive trading days, the United Kingdom’s FTSE 100 index lost momentum on May 11. It opened lower and struggled to move higher.
After falling to the lowest levels in more than six months, China’s Shanghai Composite Index opened lower on May 11. It recovered and closed positive.
After regaining strength and gaining for three consecutive trading days, the US dollar is slightly weaker in the early hours on May 11.
After pulling back on Tuesday, the S&P 500 regained some strength on May 10 and closed the day positive. Eight out of 11 major sectors closed positive.
Mexican markets may be starting to overcome Trump’s anti-trade rhetoric in 2017.
Amid its financial chaos, Greek manufacturing activity rose in April 2017, though it remains below the acceptable mark of 50.
Russia’s manufacturing activity improved at a slower pace in April due to weaker demand. Growth in output and new orders slowed to eight-month lows.
In April 2017, manufacturing activity in Indonesia (IDXG) saw its strongest rise since mid-2016, mainly due to the faster expansion of new work orders.
The Nikkei India Manufacturing PMI for April 2017 matched its reading for the previous month.
Brazil’s manufacturing activity rose in April 2017, with the country reporting its first rise in manufacturing in two years amid recovery expectations.
China’s (FXI) (MCHI) economy, based on some of its economic indicators, has recently shown signs of a slowdown.