Global Markets Update: Monday, March 28, 2011

Last week, we saw the following actions take place across global markets:
  • Year-to-date, the US is up 4.4%, while the World Ex-US is up 1.7%.  Of the world regions, Emerging Europe is 10% better than the next best performing region in the world, up 14.5%.  The Middle East is down -8.2% and Asia is down -3.1% YTD.
  • France and Italy are up 9.7% and 14.2% this year?  It's true.  Japan is down 4.9% this year, and we are all pulling for their stock market at this point, which would help stabilize their economy.  (It was up 2.9% last week.)  Among the BRICs, Russia is up 16% this year, while India is down -8%.  China and Brazil are basically flat.
  • Mid-caps are up 7% versus Large and Small, which are only up close to 5% YTD.  With US sectors, three typically lead the pack, but this year, it is all Energy, up 14.7%.  Nothing else is even close at this point.

Also, looking at the 1-year total returns for the major asset classes in the chart below, you can see that international equities are now almost even with domestic equites.

Click to view larger image.

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

Keith Hays & Justin Wood

Please see important disclosures at the bottom of this page.