There are several important economic indicators that investors should watch this week:
- German (EWG) ZEW economic sentiment
- Eurozone Consumer Price Index
- Eurozone ZEW economic sentiment
- Eurozone (VGK) (EZU) consumer confidence
- China’s industrial production
- China’s (FXI) (YINN) retail sales
Performance of ACWI
The performance of the iShares MSCI All Country World Index ETF (ACWI) depends on these global indicators. It’s important for investors to track the performance of these indicators to identify global market movement.
This week, China’s retail sales, the German ZEW Economic Sentiment Index, and the Eurozone Consumer Price Index are the important indicators for investors. The emerging market ETF (EEM) has been outperforming the developed market ETFs (SPY) (VGK) so far this year. It’s important for investors to have a look at China’s retail sales, economic growth, and manufacturing and services activity.
As China is one of the important emerging economies, investors should keep an eye on its important indicators. On the other hand, the Eurozone economy (IEV) (VGK) is also doing well. Among the various member countries of the Eurozone, Germany is the backbone of the overall economy. Germany’s ZEW economic sentiment index is an important indicator of the current economic condition of the economy.
You may also be interested to read, Warren Buffett’s Latest Views on the Economy and Stock Picks.