It was a rather mixed month for world equity markets, with net monthly changes ranging from -9.4% (Hong Kong), -7.1% (Brazil), -5.5% (Russia), -4.2% (USA), -3.2% (South Africa), -3.0% (Australia), -1.0% (India), +0.4% (Japan), +0.7% (China), to +1.6% (Germany).
Lets take our regular look at ten of the world equity markets.
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia - RTSI
India – SENSEX
China – Shanghai comp'
South Africa – Dow
Hong Kong – Hang Seng
Australia – AORD
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Summary
Seven world equity markets settled net higher for February, with three net lower
Hong Kong and Brazil were the weakest, whilst Germany was strongest.
The USA, Germany, Japan, India, China, South Africa, Hong Kong, and Australia settled above their respective monthly 10MA.
Nine world equity markets still had negative monthly momentum, the exception was Germany.-
Looking ahead
The week will be focused on Powell and the latest employment data.
Earnings:
M - CIEN, RIDE, NTNX, TCOM, WW
T - SE, DKS, SQSP, DOLE, CRWD, CASY, SFIX
W - CPB
T - JD, BJ, PSFE, ULTA, DOCU, GPS, ORCL, WPM, REI, MTN
F - ERJ, BKE
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Econ-data:
M - Factory orders
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T - Wholesale trade, consumer credit (3pm)
10am EST - Powell, Semi-annual Monetary Policy Report, to the US Senate
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W - ADP jobs, JOLTs, intl' trade, Fed Beige Book (2pm)
10am EST - Powell, Semi-annual Monetary Policy Report, to the US House.
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T - Weekly jobs
F - Monthly jobs report.
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Have a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
