World Markets Update: 2018 Begins With Gains
Jill Mislinski | Jan 09, 2018 12:01AM ET
All eight indexes on our world watch list have posted gains through the first week of 2018. The top performer is Tokyo's Nikkei 225 with a gain of 4.17%, followed by Germany's DAXK with a gain of 3.48%. In third is France's CAC 40 with 3.29%.h3 2018 Performance
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Here is an overlay of the eight illustrating their comparative performance in 2018.
All eight indexes on our world watch list have posted gains through the first week of 2018. The top performer is Tokyo's Nikkei 225 with a gain of 4.17%, followed by Germany's DAXK with a gain of 3.48%. In third is France's CAC 40 with 3.29%. Coming in last is London's FTSE at 0.11%.
h3 A Longer Perspective/h3The chart below illustrates the comparative performance of World Markets since March 9, 2009. The start date is arbitrary: The S&P 500, CAC 40 and BSE SENSEX hit their lows on March 9th, the Nikkei 225 on March 10th, the DAXK on March 6th, the FTSE on March 3rd, the Shanghai Composite on November 4, 2008, and the Hang Seng even earlier on October 27, 2008. However, by aligning on the same day and using a log scale vertical axis, we get an excellent visualization of the relative performance.
We've indexed each of the eight to 800 on the March 9th start date. The callout in the upper left corner shows the percent change from the start date to the latest weekly close.
Here is the same visualization, this time starting on October 9, 2007, the closing high for the S&P 500, a date that is approximately the mid-point of the range of market peaks, which started on June 1st for the CAC 40 and ended on January 8, 2008 for the SENSEX.
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For a longer look at the relative performance, our final chart starts at the turn of the century, again indexing each at 800 for the start date.
Check back next week for a new update.
Note: We track Germany's DAXK a price-only index, instead of the more familiar DAX index (which includes dividends), for consistency with the other indexes, which do not include dividends.
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