International ETF's Give Insight on Global Economies
11/10/2010 0 comments
While the world is becoming more connected, local conditions prevail resulting in different economic returns. MyPlanIQ tracks detailed weekly country economic trend movement. We use ETFs that represent each geographic region and present the results here. Hong Kong launched a campaign Monday to promote itself as a global financial hub and rejected suggestions that it was trying to counter growing competition from Shanghai. 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,
More details are available on the MyPlanIQ website.
The largest industrial nations are meeting in Seoul this week and one of the topics on the agenda is rebalancing global growth.
Country
Symbol
8-Nov Trend Score
Direction
India
INP
57%
Week 1
South Africa
EZA
47%
Week 1
Singapore
EWS
43%
Week 1
Hong Kong
EWH
42%
Week 1
Mexico
EWW
41%
Week 1
Malaysia
EWM
40%
Week 1
South Korea
EWY
37%
Week 1
Russia
RSX
34%
Week 1
Australia
EWA
29%
Week 1
Taiwan
EWT
28%
Week 1
Canada
EWC
28%
Week 1
Brazil
EWZ
21%
Week 1
Switzerland
EWL
21%
Week 1
Germany
EWG
20%
Week 1
United Kingdom
EWU
20%
Week 1
China
FXI
19%
Week 1
Belgium
EWK
13%
Week 1
The Netherlands
EWN
13%
Week 1
Japan
EWJ
12%
Week 1
France
EWQ
9%
Week 1
Austria
EWO
9%
Week 1
Italy
EWI
-7%
Week 1
Spain
EWP
-17%
Week 1
India continues its growth as the recent visit of President Obama signals. There is increasing pressure for India to open its markets to the US to make the relationship a two way street.
South African Finance Minister Pravin Gordhan said the U.S. decision to purchase bonds to pump money into the economy may push up the rand and cost jobs. Group of 20 nations meeting in South Korea this week need to agree on ways to stimulate their economies without damaging those of others.
SINGAPORE Airlines has reported a second-quarter profit of $380 million, reversing a $159 million loss during the same July-September period last year. The results were delivered on the back of a 18 per cent jump in revenue to $3.63 billion, as load factors and yields continued to improve, the airline said on Tuesday.
President Felipe Calderón, declared his support for small and medium businesses, which produce 7 out of the 10 jobs in Mexico
Japanese Prime Minister Naoto Kan on Tuesday pledged to bring Japan into the Trans-Pacific Strategic Economic Partnership Agreement, or TPP, saying the trade liberalization initiative will help the country return to a path of robust growth.
The Bank of France forecasts 0.5-percent fourth-quarter growth The French economy is struggling to put its strained public finances in order. There have been many protests about the move to increase the retirement age.
Recently the Austrian government greed to a rigid austerity budget which involves massive social cuts. At the same time, the government plans to raise taxes primarily for lower and middle income brackets.
Italy is the Eurozone's third largest economy, accounting for about 17% of GDP and has come through in reasonable shape. The banks are strong and Italians are Europe's best savers. Recently the the European Commission raised its growth forecast for Italy, projecting that faster export growth will see GDP expand by 1.1% this year up from 0.8% forecast in May.
Spain's troubled banking sector is back in the news again. Despite the apparently succesful stress tests carried out over the summer problems persist, and don't seem likely to go away soon. Foremost among these is the steady rise in problem loans which have now risen to an all-time high, potentially endangering the credit rating of the country's financial institutions, according to a recent report from the credit ratings agency Moody's.
In conclusion, the G20 meeting is the big ticket item this week and what results could impact the direction of the indicators.
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