Fisher Investments Reviews: Last Week in Markets — October 5 - October 9

In the US, the September final S&P Global Services Purchasing Managers’ Index (PMI) was 58.8, higher than expected. Readings above 50 indicate expansion.

In the UK, the September final S&P Global Services PMI was 52.1, higher than expected. In the eurozone, the September final S&P Global Services PMI was 53.0, in line with expectations. August retail sales grew 0.1% m/m and 0.8% y/y, lower than consensus estimates.

In Japan, the September final S&P Global Services PMI was 51.3, lower than expected.

The Week Ahead

The US reports September industrial and manufacturing production and September retail sales. The US, eurozone and China report September consumer inflation. The UK releases August GDP. The UK, eurozone and Japan report August industrial production. Japan reports August retail sales and September bank lending. China releases September trade data, money supply (M2) and loan growth.

Source for all data cited is FactSet. This update constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. No assurances are made we will continue to hold these views, which may change at any time based on new information, analysis or reconsideration. In addition, no assurances are made regarding the accuracy of any forecast made herein. Global equities are represented by the MSCI World Index. The MSCI World Index measures the performance of selected stocks in 23 developed countries and is presented net of dividend withholding taxes and uses the maximum rate applicable to non-resident institutional investors who do not benefit from double taxation treaties. Past performance is no guarantee of future results. A risk of loss is involved with investments in stock markets.