Global Equity Markets Update: Peripheral Markets On Fire, Philippines Grabs Lead In ASEAN

Here is a nice update on the performances of global equity markets from Bespoke Invest

Says Bespoke Invest,

At the moment, the average 2010 performance of the 81 countries listed is +12.19%. As shown, Sri Lanka leads the way with a gain of 97.16%. Bangladesh ranks 2nd at 74.88%, followed by Estonia (62.46%), Lithuania (49.56%), and the Philippines (43.54%). Of the G-7 countries, Germany has done the best with a gain of 11.30%. Canada ranks 2nd at 7.24%, and the US ranks third with a gain of 6.78%. Japan has been the worst performing G-7 country with a decline of 13.15%. Italy and France are both down still for the year as well.

Of the BRIC countries, India is leading the way with a gain of 17.18%. Russia ranks 2nd at 11.08%, followed by Brazil (+4.84%) and then China (-7.51%).

Additional observations:

Only 17 out of the 81 bourses are in the red. This includes the crisis affected PIIGS, China (whose bourse has been repeatedly under siege from her government aimed at curtailing her inner ‘bubble’ demons) and Vietnam (agonizing from high inflation)

Another way to see this is that global inflationism has led a rising tide lifting all boats phenomenon

It’s been a tight race among peripheral emerging markets led by South Asia, Eastern Europe and Southeast Asia.

The relative performances of BRIC and G-7 bourses have been mixed.

The Philippines has eked out a marginal lead from Indonesia (this is based on local currency. For the moment I don’t have access to dollar based returns)