Equity Fund Flows U.S. vs. Rest of the World Over the past four weeks, U.S. equity funds have experienced substantial outflows, while equity funds in other regions have recorded inflows, indicating a shift in global investor sentiment. Image: Deutsche Bank Asset Allocation
China Exports China’s exports increased by 2.6% since October 2023, mainly due to demand from regions outside the U.S. However, challenges persist, including weak domestic demand and geopolitical tensions that may impact future trade. Image: BofA Global Investment Strategy
U.S. ISM Manufacturing PMI vs. Philadelphia Fed General Activity vs. U.S. Empire State Manufacturing Survey Regional business activity surveys suggest a lower ISM Manufacturing PMI over the coming months. Image: Morgan Stanley Research
Global Real GDP – Latest World Economic Outlook Growth Projections This table suggests the coronavirus pandemic impact on growth across all regions. Image: International Monetary Fund
Philly Fed Manufacturing Index and Empire State Manufacturing Survey and ISM Manufacturing Index Despite the coronavirus, both regional PMIs suggest an increase in U.S. ISM manufacturing this month. Image: Swedbank Research
Global Equities: Value vs. Growth Price to Book Ratio Chart suggesting that value is extremely cheap vs. growth across regions, but the trend is still intact for the time being. Image: Morgan Stanley Research
Global PMIs Global PMIs and earnings growth across regions could suggest a strong risk-on year. Image: Fidelity Investments
Fears of a German Recession Are Rising A recession in Germany could mean economic damage across the region. Image: The Economist
World PMI Manufacturing Most regions are now in contraction territory, except the United States. Image: Pictet Wealth Management
Are Value Stocks Cheap or Expensive? Value stocks usually trade at a 24% discount to the stock market.But as of 02/29/2019, they are trading at 31% discounts in the U.S., 33% discounts in Europe and 34% discounts in emerging countries. Image: GMO
The Progression of World GDP This chart shows the percentage of world GDP by major countries/regions and how China’s GDP has risen steadily over the past few decades. Image: Bank of America Merrill Lynch