Global stock market performance round-up (August 31, 2007)

 EmailPrint This Post Print This Post

Global stock markets regained much of their credit squeeze losses during the second half of August 2007 to end the month only in slightly negative territory. The MSCI World Index was down -0.3% and the MSCI Emerging Markets Index lost -2.2%, but ten of the 54 indices in the accompanying table still managed to end the month higher in US dollar.

Although the month as a whole did not pan out too badly, the period was characterized by a roller-coaster ride and calm only started to return to markets after Bernanke came to the rescue with a US discount rate cut on August 17, as shown by the graph of the Dow Jones World stock Index.



The best three-month performances came from East-Asian countries, with the Shanghai Composite Index up +28,7%, followed by the Hang Seng Index with +16,4% and the Thailand Index with +11,2%. China, Russia and Brazil all delivered positive returns, but India slipped further from 11th position to 29th with a decline of -3,1% for the three months.





The Nasdaq 100 Index with a gain of +3.2% was the best performer of the US stock markets, followed by the Dow Jones Industrial Index with a loss of -2.0% and the S&P 500 Index with -3.7%.

Pan-European stock markets in general fared worse than the US markets, with the German DAX Index down -2.3%, the FTSE 100 Index down -3.8% and the Paris CAC Index down -6.0%.


Bright diamonds: The following stock market rankings have improved considerably compared to the six-month rankings:


Source: Plexus Asset Management (based on data from I-Net Bridge)




Lame dogs: The stock market rankings that have slid down most on the ranking table were represented by the following mixed bag of indices:


Source: Plexus Asset Management (based on data from I-Net Bridge)



Although the current bounce may have more legs, I am not convinced that we are out of the woods yet. Caution remains if getting adequate sleep is a consideration.

Click on the following link for the detailed performance figures:

Global stock market price movements

More on this topic (What's this?)
Dow down 31 Points, Cubes Speculator Bulletin up 50%
August 27 - August 31, 2007: Week in Review
Read more on China Aerospace at Wikinvest
OverSeas Radio Network

1 comment to Global stock market performance round-up (August 31, 2007)

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>




Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones

One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

September 2007
« Aug Oct »

Feed the Bull