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Is US Unemployment Another Shock for SPY?
The lockdown amid the COVID-19 global pandemic dragged down the global economy and largely contributed to the surge in the unemployment rate.
Cooperman Thinks Trump Is Pulling Stock Gains Forward
Billionaire investor Leon Cooperman thinks Trump is trying to pull market gains forward in a bid to boost stocks in the run-up to the 2020 election.
Gundlach: Global Economy Going from Growth to a Slowdown
In the first quarter of 2018, there was a narrative of synchronized global expansion. That narrative, however, has shifted.
China Lowers 2019 Growth Target—Hardly a Surprise
Today, China set a growth target of 6.0%–6.5% for 2019. The country had set a target of 6.5% in 2018, and the economy actually grew a bit more than that.
Gundlach: Could US Economic Indicators Be Signaling a Recession?
After being asked about the timing of the next recession during his interview with Yahoo Finance, Jeffrey Gundlach said that while the global stock market (ACWI) peaked on January 26, 2018, US markets (SPY) hung on until October.
China Isn’t Helping the Global Economy’s Cause
On February 14, China released its January trade data. China’s exports in US dollar terms rose 9.1%, while its imports fell 1.5% YoY.
Analysts Expect These Measures from China to Arrest Slowdown
Like many market participants, J.P. Morgan (JPM) also feels that China (MCHI) needs to do much more to stimulate its economy.
Opportunities for Investors in China in 2019
In a new report, we examine the growing opportunities for investors to gain exposure to China’s equity and bond markets, from key policy changes to their inclusion in equity and fixed income benchmarks.
Can Central Banks and Governments Contain the Next Recession?
The US’s fiscal deficit as a percentage of GDP was 3.4% in fiscal 2017 as compared to 1.1% in fiscal 2007.
What China’s Lower Copper Imports May Indicate
China (FXI) is the world’s biggest copper importer.
Economic Indicators Investors Should Watch This Week
If major Eurozone economic indicators improve in the coming months, we could expect those economies to regain some strength.
Citi Predicts Global Equity Market May Climb 9% in Next 12 Months
Citigroup believes the global equity market has the potential to climb another 9% in the next 12 months.
Economic Indicators Investors Should Watch Next Week
Let’s take a look at the major developed market economic indicators investors should keep an eye on next week.
Why Oil Price Spike Is Helping Stock Prices Rebound
Global markets (ACWI) seem to be ignoring the Iran deal exit for now despite the possibility of risk escalation in the Middle East.
Where Does Hope Lie in the Fixed Income Market?
A few key themes have emerged in 2018 which are divergent in some ways and could be an indication of what’s to come over the next 12 to 18 months.
Is the NIFTY 50 in the Correction Zone?
On March 28, 2018, the NIFTY 50 index fell 0.7%. However, between March 28, 2017, and March 28, 2018, the NIFTY 50 rose 11.1%.
Allianz CEO: ‘More Severe’ Equity Market Correction Is Coming
On March 24, 2018, at the China Development Forum in Beijing, Allianz CEO Oliver Bate shared his view on the equity market.
Understanding the Changes in the Fed’s Dot Plot
The Fed’s 2018 forecast was left unchanged from the December reading of 2.1%, which leaves two more hikes in 2018.
Why Bill Gates Thinks a Financial Crisis Like 2008 Is Certain
When asked if the country will have another financial crisis like 2008 soon, Gates said, “It is hard to say when but this is a certainty.”
Will Sell-Off Trends Continue or Reverse in March?
The S&P 500 Index, the Dow Jones Industrial Average, and the NASDAQ Composite Index fell 3.8%, 4.2%, and 1.8%, respectively, in February 2018.
Why Citi Believes Synchronized Tightening Isn’t Visible Yet
In November 2017, the Bank of England implemented its first rate hike nearly after a decade.
Economic Indicators We Should Watch This Week
The iShares MSCI ACWI (ACWI), which tracks the performance of the global markets, showed a strong movement in January 2018, rising 7.5%.
Dan Loeb: Why Growth and Inflation Could Pause the Bull Market
Dan Loeb on the growth Billionaire investor Dan Loeb is known in the market for his event-driven investment strategies. For more than two decades, he has beaten the returns of the broader-market S&P 500 (SPX-INDEX), which returned ~19.6% in 2017. According to CNBC, Loeb wrote, “While we remain optimistic about the trajectory of the economy […]
Could Inflationary Pressure Drive Gold Higher?
Global world equities, tracked by the MSCI ACWI ETF (ACWI), increased ~7.6% since the beginning of 2018.
Barclays CEO: Market Condition ‘Feels a Little Bit Like 2006’
On Thursday, January 25, 2018, at the World Economic Forum in Davos, Barclays CEO Jes Staley shared his view on financial markets and economic growth (SPY) (QQQ) (ACWI).
How Russia’s Service Activity Looked in December 2017
According to a report by Markit Economics, Russia’s service PMI (purchasing managers’ index) showed a weaker improvement in December as compared to November 2017.
What Does Mexico’s Manufacturing PMI Indicate?
According to a report by Markit Economics, Mexico’s (EWW) manufacturing activity showed a slightly weaker improvement in December as compared to November 2017.
Global Markets Have Started 2018 on Strong Note: What’s Next?
Although the global equity market had the best start to a new year that it’s seen since 1988, investors should be cautious, according to Pimco.
Investors Should Watch These Economic Indicators This Week
The iShares MSCI ACWI ETF (ACWI), which tracks the performance of the global market, rose 1.1% in December 2017.
How Japan’s Services PMI Trended in December 2017
According to a report provided by Markit Economics, Japan’s services PMI (EWJ) (DXJ) remained weaker in December 2017.
Company & Industry Overviews
The Key Challenges Teva Pharmaceutical Is Facing
In December 2017, Teva Pharmaceutical Industries (TEVA) announced a restructuring plan to recuperate sales. Its stock has had a bull run since the announcement, rising 44.5%.
Company & Industry Overviews
Stryker Stock: Wall Street Recommendations and Target Price
Stryker (SYK) offers products across its three business segments: Orthopedics, MedSurg, and Neurotechnology and Spine. The company reported strong performance across all of its business segments in fiscal 3Q17.
Company & Industry Overviews
What Mylan Expects for Fiscal 2017
Company guidance Mylan’s (MYL) rest-of-world and European segments contributed ~60% of its third-party net sales in 3Q17. In 3Q17, its European revenue posted double-digit growth. In 3Q17, Mylan raised its revenue and EPS (earnings per share) guidance for 2017. The company expects revenue of $11.5 billion–$12.5 billion in 2017, a midpoint increase of 9% from fiscal 2016, and EPS […]
Copper Demand: Is It Time to Look beyond China?
Over the last several years, Chinese copper demand has been a key driver of global copper demand.
Company & Industry Overviews
Bavencio May Prove to Be a Strong Growth Driver for Pfizer
Pfizer (PFE) and partner Merck have developed a robust immuno-oncology research pipeline involving close to 30 studies and 6,300 enrolled patients.
Company & Industry Overviews
The Macro Environment and Edwards Lifesciences’ Growth
Overview Edwards Lifesciences is a leading player in the heart valve therapy and critical care monitoring markets. The company has seen tremendous growth over the years, and many of its products are market leaders. Edwards Lifesciences is strategically growing, organically and inorganically. However, some driving factors of the company’s growth are not company-specific. Macro-environmental factors have […]
Which Global Markets Stood Out in 2017?
The three major indexes that track global markets showed growth in 2017. As of December 25, 2017, the MSCI ACWI Index (ACWI) had risen 21.2% year-to-date (or YTD).
What Drove Mexico’s Manufacturing Activity in November 2017
Mexico’s manufacturing activity in November In November 2017, Mexico’s (EWW) manufacturing activity rose after falling sharply in October 2017. Its manufacturing PMI (purchasing managers’ index) rose to 52.4 in November from 49.2 in October, according to IHS Markit. The PMI figure beat the market expectation of 51. Mexico’s manufacturing PMI strengthened in November due to the following factors: […]
Why Russia’s Service Sector Strengthened in November 2017
Russia’s service sector in November According to a report by Markit Economics, Russia’s service PMI (purchasing managers’ index) showed a solid improvement in November 2017, rising to 57.4 from 53.9 in October. The figure beat the market expectation of 55.0 and marked the highest rise since January 2017. The strong improvement in Russia’s service PMI […]
Russia’s Manufacturing Activity in November
Russia’s manufacturing activity in November According to a report by Markit Economics, Russia’s manufacturing PMI (purchasing managers’ index) improved between October and November, rising from 51.1 to 51.5. The November figure met the market estimate of 51.5. Russia’s manufacturing PMI was affected by the following: production volume and output improved marginally new business orders rose at the fastest rate […]
Here Are the Economic Indicators We Should Watch
The iShares MSCI ACWI (ACWI), which tracks the performance of the global markets, rose 2% in November 2017.
Why Japan Services PMI Didn’t Meet Expectations in November
The Japan Services PMI fell in November 2017. It came in at 51.2 compared to 53.4 in October. It didn’t meet the market expectation of 52.0.
Economic Indicators Investors Should Watch for This Week
Economic indicators Key economic indicators investors should watch for this week are: US (SPY) services PMI data UK (EWU) services PMI data Eurozone (IEV) (VGK) services PMI data German (EWG) services PMI data Spanish services PMI data French (EWQ) services PMI data Japanese services PMI data US ADP employment data US non-farm payroll data Wrapping up […]
James Gorman Says China ‘Is a Gift to the World Economic Growth’
James Gorman, chair and CEO of Morgan Stanley (MS), shared his view on China (FXI) (YINN) in an interview with CNBC.
German Ifo Business Climate Rises: Are Investors Optimistic?
According to the report provided by the Ifo Institute for Economic Research, the German Ifo Business Climate Index is 117.5 so far in November 2017 compared to 116.8 in October 2017.
Why Japan’s Services PMI Improved Solidly in October 2017
Japan’s services PMI (EWJ) (DXJ) rose solidly in October 2017. It stood at 53.4 in October 2017 compared to 51.0 in September 2017.
Green Bonds Issuance Show Signs of Growth in 2017
Green bonds carry the same risk-return profile as conventional bonds. However, these bonds fund projects focused on energy efficiency, clean water, transportation, biodiversity, and sustainable waste management.
How Moat Indexes Performed in September
The US Moat Index has been performing fairly well this year. As of September 30, 2017, it has outperformed, rising 20.5% over the S&P 500 Index’s (SPY) (SPX-INDEX) rise of 18.6% YTD.
How Credit Suisse Views Kraft Heinz
On October 19, 2017, Kraft Heinz Company was trading at $76.47. Its 52-week high is $97.77, and its 52-week low is $76.31.
A Look at Indonesia’s Manufacturing PMI in September 2017
Indonesia’s (IDX) (ASEA) manufacturing activity stood at 50.4 in September 2017 compared to 50.7 in August 2017.
Why Japan’s Services PMI Has Been Falling Gradually
According to the report provided by Markit Economics, Japan’s services PMI (EWJ) (DXJ) stood at 51.0 in September 2017 compared to 51.6 in August 2017.
Weak US Manufacturing PMI: Will Economic Growth Pick Up?
The US manufacturing PMI (purchasing managers’ index) stood at 50.5 in May—compared to 50.8 in April. It’s below the Market expectation of 51.
Did Emerging Market Manufacturing Activity Slow in May 2017?
The global manufacturing sector seems to be slowing down, reflected in the May 2017 manufacturing PMI’s three-month low. Global economic activity had experienced an uptrend since 4Q16.
Important Indicators to Watch Next Week
There are several important economic indicators coming up next week, including the following.
Insight into Japan’s Manufacturing in September 2017
Japan’s manufacturing PMI stood at 52.90 in September 2017, compared to 52.20 in August 2017. The PMI figure beat the preliminary market estimation of 52.5.
How Emerging Economies Are Supporting Global Growth
According to the report provided by the World Bank in June 2017, global (ACWI) growth is expected to strengthen to 2.7% in 2017.
What Indicators Should Investors Watch This Week?
As China is one of the important emerging economies, investors should keep an eye on its important indicators.
How Japan’s Service Activity Trended in August 2017
According to the latest report by Markit Economics, the Japan Services PMI (EWJ) (DXJ) stood at 51.6 in August 2017, compared with 52 in July 2017.
Size Matters: Which Are the Top 10 Steel-Producing Companies?
In this series, we’ll look at the top ten companies in the global steel industry based on steel production, steel consumption, and steel imports.
Indonesia Manufacturing PMI Saw Sharp Rise in August 2017
In August 2017, Indonesia’s (IDX) (ASEA) manufacturing activity saw a sharp rise in the overall business conditions as compared to a contraction in the previous month.
Why Mexico’s Manufacturing PMI Rose Sharply in August 2017
In August 2017, Mexico’s (EWW) manufacturing activity saw a strong improvement in overall business conditions.
Goldman Sachs Increased PayPal’s Target Price to $72
PayPal (PYPL) was one of Goldman Sachs’s (GS) recent stock picks.
How Japan’s Manufacturing Activity Trended in August 2017
Japan’s manufacturing PMI stood at 52.2 in August 2017 as compared to 52.1 in July 2017.
Why Druckenmiller Is Optimistic about Chinese Consumer Stocks
Druckenmiller’s firm bought 710,200 shares of Alibaba (BABA) in 2Q17. The holding accounted for nearly 5.4% of the firm’s portfolio in 2Q17.
Why Japan’s Services PMI Fell in July
The Japan Services PMI stood at 52.0 in July 2017, compared with 53.3 in June 2017, missing the market expectation of 53.3.
Understanding the Marginal Decline in Malaysian Exports in June
Exports from Malaysia in June 2017 stood at 73.1 billion Malaysian ringgit (MYR) (about $17 billion as of August 11, 2017), or 10% higher YoY.
What’s behind Malaysia’s Large Trade Surplus in June 2017?
Malaysia’s trade surplus jumped to 9.9 billion Malaysian ringgit (MYR) (about $2.3 billion as of August 11, 2017) in June 2017—an 80% rise YoY.
How Japan’s Manufacturing PMI Trended in July 2017
According to the report provided by Markit Economics, Japan’s manufacturing PMI (EWJ) (DXJ) stood at 52.1 in July 2017 as compared to 52.4 in June 2017.
Why Indonesia’s Manufacturing Activity Fell
Manufacturing activity in Indonesia In July 2017, manufacturing activity in Indonesia (EIDO) fell at the fastest pace in 19 months, mainly due to sharp decline in its output. Indonesia’S (EEM) manufacturing PMI (purchasing managers’ index) fell to 48.6, compared with 49.5 in June 2017, according to an IHS Markit report. New orders also fell in July […]
Global Manufacturing Activity Picks Up the Pace in July 2017
In this series, we’ll look at the performance of global (ACWI) manufacturing indexes and manufacturing activity in emerging markets.
Will Marc Faber’s Asset Allocation Process Help Investors
Marc Faber is worried about the present market condition and not very optimistic about the market.
Here’s Why Indonesia’s Trade Surplus Rose in June 2017
Indonesia’s (EIDO) trade surplus in June 2017 stood at $1.6 billion as compared to $1.1 billion in the corresponding period last year and $0.57 billion in the previous month.
South Korea’s Business Confidence Remains Steady in July 2017
Business confidence in the manufacturing sector in South Korea (EWY) has remained stable at 78 in July 2017.
Equities in South Korea Rise with Tech Rally in July 2017
South Korean equities are soaring in 2017, with the Korea Composite Stock Price Index (or KOSPI), its benchmark index, reaching an all-time high of 2,451.5 in July 2017.
Is Consumer Spending Rising in India amid Reforms in 2017?
Consumer spending in India (INDA) is expected to grow via remonetization and other reforms undertaken by its government in 2017.
Mexican Unemployment Edged Up in June—Is the Rise Temporary?
Global (ACWI) recovery in 2017 has helped labor market conditions to improve across OECD (Organisation for Economic Co-operation and Development) nations.
Mexico’s Economic Activity Rebounded in May 2017
Economic activity in Mexico rose 3.1% year-over-year (or YoY) in May 2017, a rebound from its YoY fall of 0.57% in April 2017.
Investment Avenues during the Rise of Short-Term Interest Rates
Bill Gross thinks the central banks should implement their strategies very carefully and cautiously in this scenario.
Energy & Utilities
Russian Business Confidence Remains Steady in June 2017
Business confidence in Russia (ERUS) in June 2017 continued to be stable month-over-month and higher than it was last year during this time.
Will China’s Rebound in Manufacturing Activity Continue in 2017?
Manufacturing activity in China expanded in June 2017 compared to its fall in May. Chinese manufacturing activity is showing a mixed outlook for economic growth in 2017.
Did China’s Imports Rise on Its Structural Shift in June 2017?
China’s (FXI) imports rose to $153.8 billion in June 2017, a 17.2% rise year-over-year (or YoY) and a 2% rise month-over-month.
Chinese Exports Rose in June 2017 on Improving Global Demand
Chinese (FXI) exports stood at $196.6 billion in June 2017, a rise of 11.3% year-over-year basis and a rise of 8.7% month-over-month.
Thailand Manufacturing Activity Accelerates in June 2017
The Bank of Thailand is expecting economic growth to pick up in 2017 with improved domestic and external demand.
Why Thailand’s Trade Surplus Rose in June 2017
Thailand’s trade balance continues to expand due to improvement in external demand and tourism in May 2017.
Sluggish Mining Sector and Chile’s Trade Surplus in June
Chile’s economy is highly dependent on copper mining activities. The recent long strike at BHP Billiton’s Escondida copper mine continues to impact Chile.
Performance of Latin American Equities Steady in June 2017
Latin American (ILF) equities in June 2017 remained steady amid the political turmoil among its member nations.
Where Malaysian Business Confidence Stood in 2Q17
Malaysian business confidence as reported by MIER (Malaysian Institute of Economic Research) gave an optimistic outlook for Malaysia after 1Q17.
What Improved Global Demand Means for Exports in Malaysia
The Malaysian economy reported improved growth in 1Q17, largely supported by the rise in exports.
Inside Malaysia’s Rising Trade Surplus in May
Malaysia’s (EWM) trade performance in May 2017 appeared to benefit from improved global (ACWI) trade.
Why Did the Saudi Arabian Economy Contract in 1Q17?
The oil-rich economy of Saudi Arabia saw its growth contract in 1Q17, primarily due to its capped oil production agreement with OPEC.
Did the UK Election Affect Manufacturing in June?
The UK’s manufacturing PMI recorded a weaker improvement in June 2017. It stood at 54.3 in June compared to 56.3 in May.
What Japan’s Manufacturing Suggests for Its Economy
Japan’s manufacturing PMI (purchasing managers’ index) stood at 52.4 in June 2017 compared to 53.1 in May.
Why the Japan Services PMI Improved in June 2017
The Japan Services PMI (EWJ) (DXJ) stood at 53.3 in June 2017 compared to 53.0 in May 2017. It met the market expectation of 53.2.
Why Colombian Exports Could Improve in 2017
After a disappointing 1Q17 GDP figure in Colombia, economic activity was expected to gradually gain strength in 2017.
Why Indonesia’s Manufacturing Activity Contracted in June 2017
The Nikkei Manufacturing PMI in Indonesia (EIDO) fell to 49.5 in June 2017 from 50.6 in May 2017.
Could Global Manufacturing Activity Improve as It Enters 3Q17?
The JPMorgan Global Manufacturing PMI remained stable at 52.6 in June 2017. A consistent number indicates steady improvement in global manufacturing operating conditions in June compared to May.
Why Marc Faber Thinks It’s Time to Diversify Your Portfolio
Marc Faber is concerned about how the global economy (ACWI) (VTI) will perform in the next five years.
Indonesia’s Manufacturing Activity Fell in June 2017
The manufacturing PMI (purchasing managers’ index) in Indonesia (EIDO) fell to 49.5 in June 2017—compared to 50.6 in May 2017.
James Gorman’s View on Global Bond Yield
Gorman thinks higher yield indicates the beginning of more normalization. In June, Fed chair Janet Yellen hinted that the Fed is moving toward normalization.
James Gorman Says the Global Economy Is Doing Well: Why?
Gorman believes the global economy is doing well in the present scenario. However, lower volatility is a major concern.