The key economic indicators that investors should watch this week follow:
- Eurozone (N100-INDEX) (VGK) consumer confidence index
- Eurozone (EZU) (VGK) ZEW economic sentiment index
- German (EWG) ZEW economic sentiment index
- German Ifo business climate index
- Eurozone inflation
- US 4Q17 GDP growth rate
Performance of the global market
The iShares MSCI ACWI ETF (ACWI), which tracks the performance of the global market, rose marginally in December 2017. ACWI has been showing strong performance metrics since the start of 2018.
From January 2 to January 22, 2018, ACWI rose 6.0% for a significant increase since 1988. Pacific Investment Management Company (or Pimco) already advised investors to be cautious despite a strong market rally.
The stronger performance in the global markets is mostly due to solid improvement in fundamental factors in the major developed nations and emerging nations. If these economic sentiment indexes, consumer confidence, and business climate index show improvement, we could see further improvement in the ACWI ETF.
You may also be interested to read Why Pimco Thinks It’s Time for Investors to Be Cautious.