As of last Friday, we have recognized the following trends across world markets:
- Year-to-date, Emerging Markets have closed the gap with the developed world after lagging much of the first quarter. Emerging Europe continues to dominate the world stock markets this year.
- The pattern remains as Germany and Canada continue to perform well amongst the G7s, while Russia continues to dominate the BRICs (Brazil, Russia, India & China).
- The CRB Index is up 32.7% over the last one year. Crude Oil is up 32.1%, Silver is up 123.7%, and Gold is up 27.8%.
Furthermore, in the chart below, you can see how commodities have performed against the other major asset classes over the last year.
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.