Saturday, 1 July 2023

Weekend update - World equity markets

It was a bullish month for most world equity markets, with net monthly changes ranging from +9.3% (Brazil), +7.4% (Japan), +4.7% (South Africa), +4.6% (USA), +3.7% (Hong Kong), +3.3% (India), +3.1% (Germany), +1.8% (Australia), -0.1% (China), to -6.9% (Russia).

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


Summary

Eight world equity markets were net higher for June, with two net lower.

The Brazilian market was very powerfully higher, whilst the Russian market was very powerfully lower.

The German and Indian markets broke new historic highs.

Eight markets are trading above their respective monthly 10MA, the two exceptions being Russia and Hong Kong.

Seven markets still have negative monthly momentum, the three exceptions being Germany, Japan, and Hong Kong.

-

Looking ahead

It will be an especially short week, with Monday seeing an EARLY CLOSING of 1pm, and Tuesday CLOSED for Independence Day.

Earnings:

M - *EARLY CLOSING 1pm*

T - *CLOSED*

W -

T - LEVI

F -

-

Econ-data/events:

M - ISM manu', construction,  *EARLY CLOSING 1pm*

T - *CLOSED*

W - ADP jobs, Factory orders, FOMC mins (2pm)

T - Weekly jobs, intl' trade, JOLTS, ISM serv'

F - Monthly jobs

--


Summer subscription offers: https://www.tradingsunset.com

Have a good weekend
--

*the next post on this page will likely appear 1.20pm EST on Monday.