Global Markets Update: Monday, March 14, 2011

Over the past week, we saw the following actions take place across global markets:

  • The markets were down last week as focus and prayers shifted to Japan.  The 1-year returns of the world have dropped from up around 20% last month to now up around 10% across the world.  Year-to-date, less developed countries are underperforming more developed countries by about 4%.
  • Japan ended the week down 3.5%, with more to come today.  Energy rich countries took a bit of a hit last week, and most countries around the world were generally negative.  It is worth noting that the US was the best performer of the G-7 last week, and China was the best performer of the BRICs.
  • Energy was down 4% last week, but the sector is still leading for 2011 and over the last one year.  Healthcare remains the laggard of US sectors as the large Pharmaceuticals contine to be a drag on the sector.

To view today's complete World Wrap, click here.

Keith Hays & Justin Wood

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