Market Briefing: Global Markets

Transcription

1 Market Briefing: Global Markets July 6, 218 Dr. Edward Yardeni Mali Quintana Please visit our sites at blog. thinking outside the box

2 Table Of Contents Table Of Contents US Stock Indexes 1 MSCI Indexes 2-5 Stock Markets: USA 6 Stock Markets: Americas 7 Stock Markets: Europe 8-9 Stock Markets: Asia 1-11 Stock Markets: Eastern Europe, Middle East, Africa 12 US$ Forex Rates: Europe 13 US$ Forex Rates: Asia 14 US$ Forex Rates: Americas 15 Trade-Weighted Dollar 16 1-Year Government Yields 17 Commodity Indexes 18 Commodity Prices: Energy 19 Commodity Prices: Precious Metals 2 Commodity Prices: Agriculture 21 July 6, 218 / Market Briefing: Global Markets

3 US Stock Indexes 3 2 Figure 1. S&P INDEX day moving average Source: Standard & Poor s Corporation Figure 2. DOW JONES INDUSTRIALS AVERAGE day moving average Source: The Wall Street Journal Page 1 / July 6, 218 / Market Briefing: Global Markets

4 MSCI Indexes Figure 3. SHARE PRICE INDEXES (US dollars) World Europe EAFE* day moving average * The following countries are included: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, Israel, Australia, New Zealand, Singapore, Hong Kong, and Japan. Source: Morgan Stanley Capital International. Page 2 / July 6, 218 / Market Briefing: Global Markets

5 Figure 4. SHARE PRICE INDEXES (US dollars) World US MSCI Indexes World EAFE* *Europe, Austrailia, and Far East. Source: Morgan Stanley Capital International. World Emerging Markets Page 3 / July 6, 218 / Market Briefing: Global Markets

6 MSCI Indexes 4 3 Figure 5. SHARE PRICE INDEXES (US dollars) World Japan World United Kingdom World EMU Source: Morgan Stanley Capital International Page 4 / July 6, 218 / Market Briefing: Global Markets

7 MSCI Indexes 1 14 Figure 6. SHARE PRICE INDEXES (ratio scale, US dollars) Emerging Markets Emerging Markets: Asia Emerging Markets: Latin America day moving average Source: Morgan Stanley Capital International. Page 5 / July 6, 218 / Market Briefing: Global Markets

8 Figure 7. DOW JONES INDUSTRIALS Stock Markets: USA NASDAQ S&P RUSSELL WILSHIRE S&P TRANSPORTATION NEW YORK STOCK EXCHANGE S&P UTILITIES day moving average Source: Reuters America, Inc and Standard and Poor s Corporation. Page 6 / July 6, 218 / Market Briefing: Global Markets

9 Stock Markets: Americas 3 2 Figure 8. UNITED STATES MSCI (all indexes in US dollars) ARGENTINA MSCI CANADA MSCI CHILE MSCI 3 MEXICO MSCI PERU MSCI 4 2-day moving average Source: BRAZIL Morgan MSCI Stanley Capital International and Haver Analytics day moving average Source: Reuters America, Inc and Standard and Poor s Corporation. Page 7 / July 6, 218 / Market Briefing: Global Markets

10 Figure 9. EUROPE MSCI (all indexes in US dollars) Stock Markets: Europe IRELAND MSCI FRANCE MSCI ITALY MSCI GERMANY MSCI NETHERLANDS MSCI GREECE MSCI SPAIN MSCI day moving average. Source: Morgan Stanley Capital International and Haver Analytics. Page 8 / July 6, 218 / Market Briefing: Global Markets

11 Figure 1. SWEDEN MSCI (all indexes in US dollars) Stock Markets: Europe SWITZERLAND MSCI UNITED KINGDOM MSCI STOCK PRICE INDEX day moving average. Source: Morgan Stanley Capital International and Haver Analytics. Page 9 / July 6, 218 / Market Briefing: Global Markets

12 14 12 Figure 11. AUSTRALIA MSCI STOCK PRICE INDEX (all indexes in US dollars) Stock Markets: Asia CHINA MSCI JAPAN MSCI HONG KONG MSCI SOUTH KOREA MSCI TAIWAN MSCI SINGAPORE MSCI day moving average Source: Morgan Stanley Capital International and Haver Analytics. 1 Page 1 / July 6, 218 / Market Briefing: Global Markets

13 Stock Markets: Asia 12 Figure 12. INDONESIA MSCI (US$) THE PHILIPPINES MSCI MALAYSIA MSCI INDIA MSCI THAILAND MSCI PAKISTAN MSCI day moving average Source: Morgan Stanley Capital International and Haver Analytics. Page 11 / July 6, 218 / Market Briefing: Global Markets

14 1 Stock Markets: Eastern Europe, Middle East, Africa Figure 13. RUSSIA MSCI (US$) ISRAEL MSCI POLAND MSCI TURKEY MSCI HUNGARY MSCI EGYPT MSCI CZECH REPUBLIC MSCI SOUTH AFRICA MSCI day moving average Source: Morgan Stanley Capital International and Haver Analytics. Page 12 / July 6, 218 / Market Briefing: Global Markets

15 Figure 14. EUROPE ($/Euro) UNITED KINGDOM ($/Pound) SWEDEN (Krona/$) SWITZERLAND (Swiss Franc/$) US$ Forex Rates: Europe day moving average Source: Haver Analytics. 1.4 Page 13 / July 6, 218 / Market Briefing: Global Markets

16 US$ Forex Rates: Asia Figure 15. JAPAN (Yen/$) CHINA (Yuan/$) 6/ AUSTRALIA (inverted scale, A$/US$) MALAYSIA (Ringgit/$) / SOUTH KOREA (Won/$) INDONESIA (Rupiah/$) 12 6/ INDIA (Rupee/$, inverted scale) THAILAND (Baht/$) day moving average Source: Haver Analytics. Page 14 / July 6, 218 / Market Briefing: Global Markets

17 Figure 16. CANADA (C$/US$) US$ Forex Rates: Americas MEXICO (Peso/$) 6/ BRAZIL (Real/$) ARGENTINA (Peso/$) CHILE (Peso/$) VENEZUELA (Bolivar Fuerte/$) COLOMBIA (Peso/$) PERU (New Sol/$) day moving average Source: Morgan Stanley Capital International. Page 15 / July 6, 218 / Market Briefing: Global Markets

18 Trade-Weighted Dollar Figure 17. JP MORGAN TRADE-WEIGHTED DOLLAR INDEX (=1, daily) Trade-Weighted Dollar (119.1) Source: JP Morgan Figure 18. FED S TRADE-WEIGHTED DOLLAR INDEXES (daily) Major* (3/73=1) Broad** (1/97=1) /29 6/ * Major index is a weighted average of the foreign exchange rates of the US dollar against the Euro Area, Australia, Canada, Japan, Sweden, Switzerland, United Kingdom, ** Broad index is a weighted average of the foreign exchange rates of the US dollar against the Euro Area, Argentina, Australia, Brazil, Canada, Chile, China, Colombia, Hong Kong, India, Indonesia, Ireland, Israel, Japan, Korea, Malaysia, Mexico, Philippines, Russia, Singapore, Spain, Saudi Arabia, Sweden, Switzerland, Taiwan, Thailand, United Kingdom, and Venezuela. Source: Board of Governors of the Federal Reserve System. Page 16 / July 6, 218 / Market Briefing: Global Markets

19 Figure 19. UNITED STATES CANADA 1-Year Government Yields GERMANY SWEDEN UNITED KINGDOM JAPAN day moving average Source: MMS International and Haver Analytics. Page 17 / July 6, 218 / Market Briefing: Global Markets

20 Figure 2. CRB FUTURES PRICE INDEX (1967=1) Commodity Indexes day moving average Source: Haver Analytics Figure 21. CRB RAW INDUSTRIALS SPOT PRICE INDEXES (1967=1) CRB Raw Industrials Spot Price Index (51.8) Metals Component* (911.9) * Includes scrap copper, lead scrap, steel scrap, tin, and zinc. Source: Haver Analytics. Page 18 / July 6, 218 / Market Briefing: Global Markets

21 Figure 22. WEST TEXAS INTERMEDIATE CRUDE OIL PRICE (dollars per barrel) Commodity Prices: Energy HEATING OIL FUTURES PRICE* (dollar per gallon) BRENT CRUDE OIL FUTURES PRICE* (dollars per barrel) NATURAL GAS FUTURES PRICE* (dollar per MMBTU) * Nearby futures price. GASOLINE FUTURES PRICE* (dollars per gallon) day moving average * Nearby contract. Source: Haver Analytics. Page 19 / July 6, 218 / Market Briefing: Global Markets

22 Figure 23. GOLD FUTURES PRICE* (dollars per troy ounce) SILVER FUTURES PRICE* (dollars per troy ounce) PLATINUM FUTURES PRICE* (dollars per troy ounce) Commodity Prices: Precious Metals PALLADIUM SPOT PRICE ($/troy oz) 7/ day moving average * Nearby contract. Source: Haver Analytics. 2 Page 2 / July 6, 218 / Market Briefing: Global Markets

23 Figure 24. CORN FUTURES PRICE* (cents per bushel) Commodity Prices: Agriculture SOYBEANS FUTURES PRICE* (cents per bushel) WHEAT FUTURES PRICE* (cents per bushel) COTTON FUTURES PRICE* ($/pound) day moving average * Nearby contract, closing price. Source: Haver Analytics. 1 5 Page 21 / July 6, 218 / Market Briefing: Global Markets

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