It was a bullish month for most world equity markets, with net monthly changes ranging from +6.6% (Japan), +4.3% (USA), +2.9% (China), +2.6% (India), 2.3% (South Africa), +1.3% (Brazil, Australia), +0.6% (Russia), -0.4% (Germany), to -12.3% (Argentina).
Lets take our regular look at ten of the world equity markets.
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia - MOEX
India – SENSEX
China – Shanghai comp'
South Africa – Dow
Argentina - MerVal
Australia – AORD
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Summary
Eight world equity markets were net higher for June, with two net lower.
Japan and the USA lead the way up, Germany was moderately lower, and Brazil got the smack down.
The German and South African markets broke new historic highs.
Eight markets are trading above their respective monthly 10MA, the two exceptions being Russia and Argentina.
Germany, Brazil, China, South Africa, and Australia have positive monthly momentum.
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Looking ahead
It will be a quiet week... ahead of Q2 earnings.
Earnings:
M -
T - $PENG $KRUS $SAR $AEHR
W - $AZZ $BSET
T - $DAL $CAG $BYRN $SMPL $HELE $NTIC $LEVI $WDFC $PSMT $ETWO $VIST
F -
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Econ-data/events:
M -
T - NFIB optim', consumer credit (3pm)
W - Wholesale invent', EIA report, FOMC mins (2pm)
T - Weekly jobs
F - US T-budget (2pm)
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Enjoy the holiday weekend
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*the next post on this page will likely appear 4.20pm EDT on Monday.
