Bespoke Invest provides an update of global markets from two perspective: advance from the recent February 8 lows and a year to-date performance.
According to Bespoke:
``Sixty-five out of the 81 country indices listed below are up since the markets made their recent correction lows on February 8th. As shown, Greece (the country causing everyone to get all worked up recently) is up the second most of any country shown since 2/8 with a gain of 11.92%. The Ukraine is up the most with a gain of 12.69%. Brazil has been the best performing BRIC country with a gain of 7.88%. Five of the seven G7 countries are doing better than three of the four BRIC countries since the recent lows. Britain, Canada, the US, France, and Germany are all up more than Russia, India, and China during the most recent rally. For the year, 44 out of 81 countries are in positive territory, with Estonia, Ukraine, and Bangladesh leading the way. The US is outperforming all four BRIC countries so far in 2010. Slovakia, Dubai, and Spain have been the worst performing countries this year, all with declines of more than 10%."
I'd like to add that while indeed the G7 has generally outclassed the BRIC and major emerging markets, I wouldn't count on this phenomenon to last.
Second, it is noteworthy to see the Philippines stage a strong comeback from the recent lows and place among the top ten. I'd be more comfortable to see our neighbors close the gap.
Lastly despite brouhaha over Greece, as pointed out by Bespoke, she is the second best performer since the Feb low but still down for the year. One would note that the Baltic states which had been slammed hard at the height of the crisis, has now outperformed the world for the year. We can't underestimate similar performances from the PIIGS as the crisis breezes over. But again, every nation have their own quirks.
According to Bespoke: ``Sixty-five out of the 81 country indices listed below are up since the markets made their recent correction lows on February 8th. As shown, Greece (the country causing everyone to get all worked up recently) is up the second most of any country shown since 2/8 with a gain of 11.92%. The Ukraine is up the most with a gain of 12.69%. Brazil has been the best performing BRIC country with a gain of 7.88%. Five of the seven G7 countries are doing better than three of the four BRIC countries since the recent lows. Britain, Canada, the US, France, and Germany are all up more than Russia, India, and China during the most recent rally. For the year, 44 out of 81 countries are in positive territory, with Estonia, Ukraine, and Bangladesh leading the way. The US is outperforming all four BRIC countries so far in 2010. Slovakia, Dubai, and Spain have been the worst performing countries this year, all with declines of more than 10%."
I'd like to add that while indeed the G7 has generally outclassed the BRIC and major emerging markets, I wouldn't count on this phenomenon to last.
Second, it is noteworthy to see the Philippines stage a strong comeback from the recent lows and place among the top ten. I'd be more comfortable to see our neighbors close the gap.
Lastly despite brouhaha over Greece, as pointed out by Bespoke, she is the second best performer since the Feb low but still down for the year. One would note that the Baltic states which had been slammed hard at the height of the crisis, has now outperformed the world for the year. We can't underestimate similar performances from the PIIGS as the crisis breezes over. But again, every nation have their own quirks.
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