World Markets Update: 3 Of 8 Indexes Post Gains
Jill Mislinski | Feb 06, 2018 01:12AM ET
Three of eight indexes on our world watch list have posted gains through the first week of 2018. The top performer is Hong Kong's Hang Seng with a gain of 5.45%, followed by Shanghai's SSE with a gain of 5.45%. In third is Bombay's BSE SENSEX with 2.79%.h3 2018 Performance
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Here is an overlay of the eight illustrating their comparative performance in 2018.
Three of eight indexes on our world watch list have posted gains through the first week of 2018. The top performer is Hong Kong's Hang Seng with a gain of 5.45%, followed by Shanghai's SSE (LON:SSE) with a gain of 5.45%. In third is Bombay's BSE SENSEX with 2.79%. Coming in last is London's FTSE with a loss of 4.59%.
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.
Note: We track Germany's DAX index (which includes dividends), for consistency with the other indexes, which do not include dividends.
All the indexes are calculated in their local currencies.
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