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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