Below are some important emerging market economic indicators that investors should watch this week:
- India (INDA) Manufacturing PMI (Purchasing Managers’ Index)
- India Services PMI
- China (FXI) Manufacturing PMI
- China Services PMI
- Brazil (EWZ) Manufacturing PMI
- Brazil Services PMI
- Russia (RSX) Manufacturing PMI
- Mexico Manufacturing PMI
- China’s (YINN) retail sales
Performance of the global market
The iShares MSCI ACWI (ACWI), which tracks the performance of the global markets, rose 2% in November 2017. The performance of the global markets depends on the performances of the developed market (EFA) and the emerging markets (EEM).
In this series, we’ve covered the performances of the services industry for major developed nations, including the United States, the United Kingdom, Japan (EWJ), the Eurozone (IEV), Spain (EWP), Germany (EWG), and France (EWQ) in November 2017. The United States and major economies in the Eurozone showed strong improvement in November for both the services industry and manufacturing.
Improvements in the services and the manufacturing sectors of emerging nations are necessary for an overall improvement in the global markets (VTI).
You may also be interested in reading Why Carl Icahn Expects a Big Correction in the Stock Market.