Global Markets Update: Monday, May 16, 2011

As of the end of last week, we've noticed the following trends in global markets:
  • Emerging Europe continues to struggle as energy prices remain volatile.  It is interesting to note that over the last year, Emerging Europe is up 24.5%, while Developed Europe is up 22.7%, almost catching its counterpart.  It follows then, that the World x US is up 17.7% and Emerging Markets are up 17.3% over the last one year.  Developed countries have come a long way in the last one year.
  • Markets of all types have experienced a frustrating year as any positive movement seems to get snuffed out as quickly as it starts.  Many developed markets around the world are up around 5% this year, while less developed countries are flat or negative.
  • Energy has fallen back to the pack after sprinting out of the gates this year, now up only 8.3%.  Financials, the worst performer this year, is slightly negative.  Healthcare is now the best performer, up 14.3% for the year.

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

Keith Hays & Justin Wood

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