Jason Vieira | Dec 26, 2013 08:43AM ET
Bovespa is a nightmare for investors in Brazil and abroad.
Among all the causes, and it’s a long list, a few stands out:
Finally, we show below the annual performance in local currency of stock exchanges around the world and we are, up to the date indicated below, the worst performers. No surprise again, it was a bad year for the country, but there is a wonder why we fail to “surf the wave of developed countries“ considering signs of economic recovery.
We would put aside the misshapen figures in Venezuela and Argentina, where there is a huge difficulty in believing in data, especially considering the dire state of both countries, but we include both cases to show that stocks became virtually the only option of investment for them.
In a "normal" scenario, Japan and its stimulus plan would be the first place and our almost neighbor Chile makes us company downstairs.
Venezuela - IBVC 485,70%
Argentina - MERVAL 92,48%
Japan - NIKKEI 225 59,85%
United Arab Emirates - ADX General 57,29%
Pakistan - KSE100 50,47%
Nigeria - NSE 30 40,66%
Ireland - ISEQ 33,10%
Denmark - OMX Copenhagen 25,72%
Egypt - EGX30 25,18%
Saudi Arabia - TASI 24,42%
Germany - DAX 24,26%
United States - Dow Jones 24,02%
Greece - ASE 23,99%
Finland - HEX25 23,81%
Norway - OBX 21,28%
Sweden - OMX 30 19,19%
Switzerland - SMI 17,67%
Spain - IBEX 35 17,58%
Belgium - BEL20 16,57%
Euro Area - EURO STOXX 50 15,95%
Portugal - PSI20 15,76%
Israel - TA-25 15,60%
France - CAC 40 15,40%
Australia - S&P/ASX 200 14,93%
Netherlands - AEX 14,80%
Italy - FTSE MIB 14,47%
South Africa - FTSE/JSE 14,20%
Taiwan - TWSE 12,22%
United Kingdom - FTSE 100 12,17%
Malaysia - FTSE KLCI 10,12%
India - SENSEX 9,59%
Canada - S&P/TSX 8,71%
Poland - WIG 8,18%
Austria - WBI 3,30%
Hong Kong - HSI 2,83%
Russia - MICEX 2,41%
South Korea - KOSPI 1,00%
Philippines - PSEi 0,53%
Singapore - STI -1,30%
Indonesia - JCI -1,59%
Mexico - IPC -2,36%
China - SSE Composite -3,21%
Thailand - SET -3,61%
Czech Republic - SE PX -5,15%
Colombia - IGBC -10,63%
Turkey - XU100 -11,94%
Chile - IGPA -13,72%
Brazil - BOVESPA -15,82%
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