It was a net bullish month for most world equity markets, with monthly changes ranging from +9.2% (Germany), +4.7% (USA, Brazil), +4.4% (Australia), +2.4% (Russia), +1.3% (South Africa), +1.2% (Argentina), -0.8% (Japan, India), to -3.0% (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 January, with three net lower
Germany lead the way upward, whilst China was rather powerfully lower.
Germany, Argentina, and Australia broke new historic highs.
Seven markets are trading above their respective monthly 10MA, the three exceptions being Brazil, India, and China.
Six markets have positive monthly price momentum, the four exceptions being Japan, Brazil, Russia, and India.
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Looking ahead
Another busy week is ahead. We can expect some market moving 'tariff' news.
Earnings:
M - PMI manu', ISM manu', construction, vehicle sales
T - JOLTS, factory orders
W - ADP jobs, intl' trade, ISM serv', EIA Pet'
T - Weekly jobs, productivity
F - Monthly jobs, wholesale invent', consumer sent', consumer credit (3pm)
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Econ-data/events:
M - $SAIA $TSN $IDXX $PLTR $KD $CLX $RBB $DOC $NXPI $BRBR $RMBS $FN $FLXS
T - $PYPL $SPOT $PFE $REGN $MRK $PEP $RACE $EL $EPD $APO $AMD $GOOGL $SNAP $CMG $ENPH $AMGN $EA $LUMN $PRU $JNPR
W - $DIS $UBER $NVO $EQNR $TM $BSX $JCI $SWK $ACB $ODFL $F $QCOM $ARM $SYM $AMSC $VKTX $ORLY $PI $ALGN $AFL
T - $LLY $RBLX $COP $PTON $HSY $BMY $TPR $BCE $YUM $PM $AMZN $ELF $NET $AFRM $FTNT $MCHP $PINS $VCTR $MPWR $POWL
F - $CGC $PAA $FLO $NWL $AVTR $FTV $EAF $BYRN $CBOE $KIM
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| Venus and the Crescent moon. Its a sign. |
Final note
2025 has started on a broadly positive note. Most notable was the German market accelerating to the upside, breaking a new historic high. This was more impressive, considering the background chatter about AFD, and the upcoming (Feb' 23rd) elections.
Whilst the USA (Dow) didn't break a new hist' high, the US market itself remains unquestionably mid term very strong. I'd note the monthly 10MA at 41412, as the bears have nothing to tout unless a February settlement <41500.
President Trump... aka... Tariff Man, is clearly going to make economic and market waves across the next four years. Some will be negative, but some will certainly see the market soar. Got enough popcorn?
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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.
