There are several important economic indicators coming up next week, including the following.
- US (IWM) final services PMI (purchasing managers’ index)
- UK (EWU) final services PMI
- German (EWG) final services PMI
- France (EWQ) final services PMI
- Eurozone (EZU)(VGK) final services PMI
- Spain final services PMI
- Japan final services PMI
- US non-farm payroll
Performance of ACWI
The performance of the iShares MSCI All Country World Index ETF (ACWI) depends on the performance of the above global indicators. It’s important for investors to track the performance of these indicators to identify global market movements.
The most important indicators this week are the services PMIs of the major developed nations (EFA) and the US non-farm payroll. The services PMIs should reflect trends in the service industry. They should show the performance of new orders, export orders, production output, and employment. Both manufacturing and services PMIs are important parameters to understand the health of an economy.
The jobs report is another important indicator for investors. The Fed’s decision mainly depends on the jobs report and the performance of the inflation index.
You may also be interested to read Buffett’s Latest Word on Stock Valuations, Holdings, and Taxes.