Economic Indicators Investors Should Watch Next Week
There are various major economic indicators to watch next week:
- US (SPX-INDEX) Services PMI (Purchasing Managers’ Index)
- Japan Services PMI
- Germany (EWG) Services PMI
- Spain Services PMI
- UK (EWU) Services PMI
- ADP Employment Report
- US non-farm employment report
- France (EWQ) Services PMI
- Eurozone (EZU) (VGK) Services PMI
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Service PMIs are important indicators for investors since they show the performance of a service industry in a particular economy. It’s important for global investors to analyze the performance of both the service industry and the manufacturing industry in order to understand how an economy is performing.
The global markets showed strong performances in January 2018. The iShares MSCI ACWI ETF (ACWI) and the Vanguard Total World Stock ETF (VT), which tracks the performances of the global markets, rose 5.7% and 5.4%, respectively. The stronger global growth mainly drove the investment sentiment in the past six months. If these indicators show stronger improvements, we could see further improvement in these ETFs.
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