It was a very mixed month for world equity markets, with net monthly changes ranging from +6.9% (India), +6.5% (South Africa), +3.1% (Russia), +2.8% (Japan), +1.3% (Brazil), +1.1% (USA), +0.5% (Australia), -1.4% (Germany), -2.4% (Argentina), to -3.9% (China).
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
Argentina - MerVal
Australia – AORD
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Summary
Seven world equity markets were net higher for June, with three net lower.
India and South Africa lead the way up, whilst China was powerfully lower.
India and Argentina broke new historic highs.
Nine markets are trading above their respective monthly 10MA, the exception is Brazil.
Nine markets have positive monthly momentum, the exception is China.
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Looking ahead
It will be a short 3.5 day trading week with the market CLOSED for Independence Day.
Earnings:
M -
T - $MSM $RDUS $SLP
W - $STZ *EARLY CLOSING, 1pm*
T - *CLOSED*
F -
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Econ-data/events:
M - PMI/ISM manu', construction
T - Vehicle sales, JOLTS, Powell speech... from Portugal.
W - ADP jobs, weekly jobs, intl' trade, PMI/ISM serv', factory orders, *EARLY CLOSING, 1pm*, FOMC mins (2pm)
T - *CLOSED*
F - Monthly jobs
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Have a good weekend
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*the next post on this page will likely appear 4.20pm EST on Monday.
