Global Equity Markets Update: Deepening Losses

Global equity markets appear to be in a deepening funk.

Of last month's 10, now only four of the 78 global equity market indices monitored by Bespoke Invest posted gains, the Bespoke writes,

Just four countries are currently in the black this year -- Venezuela, Botswana, Jamaica and Ecuador. Greece and the Ukraine are the worst performers year-to-date with respective declines of -45.15% and -46.93%. The UK ranks second out of the G7 countries with a decline of 7.35%, followed by Canada (-10.13%) and Germany (-13.70%). Italy is the worst performing G7 country so far in 2011 with a decline of 19.25%. All of the BRICs are down more than 10% year to date.

And nearly a third of global benchmarks may be tipping into the bear market territory. Currently 8 or 14% of the total have losses of more than 20%

So far ASEAN markets continue to outperform the world but they have also been in the red.

The broadening of stock market declines reveal how interrelated today’s financial markets are and how global markets react in tidal flows as consequence to central banking boom bust policies.