Global Markets Update: Monday, January 7, 2013

Stocks around the globe started the New Year off strong last week with the MSCI All Country World Index already up 2.3% this year.  Some other highlights from around the globe include:
 
  • The US started 2013 off strong, up 2.9%, ahead of the MSCI All Country World x US Index, up 1.9%.
  • Latin America was the strongest region as the New Year began, up 3.3% already for the year, with the US in second.
  • The BRICs also got off on the right foot, each up over 1% to start 2013.
  • Financials continued to dominate as 2013 began.  They're already up 4% for the year.  Energy is off to a good start this year, up 3.3%, despite it being the second worst performing sector in 2012, up only 2.3%.
 
 
Keith Hays & Justin Wood
 
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