Countries Nov 29
11/30/2010 0 comments
MyPlanIQ tracks detailed weekly country economic trend movement. We use ETFs that represent each geographic region and present the results here.
This is the third week of coverage. Major indices around the globe have rebounded as concerns over the Irish debt crisis have eased following Irish monetary officials agreeing to accept aid and China’s lower than expected increase in interest rate.
|
Description |
Symbol |
Nov 22 Trend Score |
Direction |
Nov 15 Trend Score |
|
South Africa |
EZA |
18% |
^ |
14% |
|
Mexico |
EWW |
16% |
^ |
12% |
|
Hong Kong |
EWH |
14% |
v |
16% |
|
South Korea |
EWY |
14% |
^ |
10% |
|
Malaysia |
EWM |
13% |
^ |
11% |
|
Singapore |
EWS |
13% |
^ |
13% |
|
Germany |
EWG |
12% |
^ |
8% |
|
Taiwan |
EWT |
11% |
^ |
8% |
|
Australia |
EWA |
11% |
^ |
7% |
|
Russia |
RSX |
10% |
^ |
7% |
|
Canada |
EWC |
10% |
^ |
7% |
|
India |
INP |
9% |
v |
12% |
|
Austria |
EWO |
9% |
^ |
5% |
|
Brazil |
EWZ |
9% |
^ |
5% |
|
Switzerland |
EWL |
9% |
^ |
6% |
|
United Kingdom |
EWU |
9% |
^ |
8% |
|
Belgium |
EWK |
8% |
^ |
5% |
|
The Netherlands |
EWN |
8% |
^ |
4% |
|
Japan |
EWJ |
7% |
^ |
4% |
|
France |
EWQ |
7% |
^ |
4% |
|
China |
FXI |
5% |
v |
6% |
|
Italy |
EWI |
3% |
^ |
1% |
|
Spain |
EWP |
0% |
^ |
-1% |
Top Five
Global rebalancing, with the world recovery being led by emerging economies, strong growth momentum is seen in export-driven countries with substantial exposure to China and the rest of emerging markets.
Despite struggling domestic manufacturing and fragile recovery, Africa’s biggest economy continues to see its shares increase in value. Economist predict that if the outcome for third quarter GDP is lower than expectation, this wouldsupport a rate cut.
At the same time, the IMF warned that it sees growing risks of a property bubble in Hong Kong. The IMF is concerned that if property prices continue to rise at around 20% a year, it would create a disruptive scenario when the economy slows down. As a result, Hong Kong shares declined on likely government measures to cool real estate prices.
Bottom Five
The countries at the bottom of the list reacted in a cluster, as investor seemed more confident that an agreement between EU and Ireland is imminent, with the exception of China. The mainland Chinese benchmark finished with a loss of 3 per cent for a week characterized by fretting over any ham-handed government interference and attempts to cool activity in China.
In conclusion, although Ireland agreed to accept a rescue package, there still remains skepticism regarding the containment of the crisis. The full results of the Irish debt crisis still remain to be seen in the weeks ahead.
labels:investment,
Symbols:INP,EZA,EWS,EWH,EWW,EWM,EWY,RSX,EWA,EWT,EWC,EWZ,EWL,EWG,EWU,FXI,EWK,EWN,EWJ,EWQ,EWO,EWI,EWP,SPY,QQQQ,IWM,MDY,EFA,VEU,EEM,VWO,IYR,ICF,VNQ,GSG,DBC,DBA,USO,LQD,CSJ,CIU,HYG,JNK,PHB,TLT,IEF,SHY,SHV,BND,AGG,MUB,MBB,
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