Wednesday, October 23, 2013 9:45 AM / The Analyst
Major Global Stock Market indexes maintain uptrend as they advanced further in Q3 to record regions after rebounding from a recent dip that was sparked by uncertainties surrounding the posture/outlook of the US Fed Policy.
In spite of faltering in the final days of September due to the belligerence of the US congress over its debt obligations, the S&P 500 Index still reached its all-time high in September.
The G7 countries’ performance so far in the year has been impressive - the Japanese Nikkie currently tops with +41.54% YTD gains while the US Nasdaq and UK FTSE followed closely with +29.82% and +12.82% YTD gains respectively; as Italy recorded a negative YTD returns.
A similar review of the stock markets of the BRIC countries revealed that the Russian market has so far recorded a positive +3.90% YTD gain while the Indian Nifty also recorded +3.17% YTD gains. The Chinese and Brazilian markets dominated the negative positions with -10.70% and -2.62% losses respectively.