It was a bullish month for most world equity markets, with net monthly changes ranging from +8.0% (China), +6.6% (Brazil), +6.2% (Russia), +4.0% (Japan), +3.2% (USA), +2.8% (South Africa), +2.7% (Australia), -0.7% (Germany), -1.7% (India), to -14.5% (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
Seven world equity markets were net higher for August, with three net lower.
China and Brazil lead the way up, whilst Argentina saw a severe decline.
The USA, Japanese, Brazilian, South African, and Australian markets broke new historic highs.
Nine markets are trading above their respective monthly 10MA, the exception being Argentina.
Seven markets have positive monthly momentum, the three exceptions being Russia, India, and Argentina.
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Looking ahead
It will be a short four day week, with Monday CLOSED for Labor Day.
Earnings:
M - CLOSED
T - $NIO $ASO $SIG $ZS $HQY
W - $DLTR $M $CPB $REVG $JILL $CXM $PSNY $CRM $CRDO $AI $AEO $GTLB $HPE $PD $ASAN $FIG $CHPT
T - $FLWS $SCVL $TTC $DAVA $CRMT $GILL $CIEN $BRC $CAL $DLTH $AVGO $LULU $DOCU $PATH $IOT $BRZE $SWBI $CPRT $GWRE $TTAN
F - $ABM
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Econ-data/events:
M - CLOSED
T - PMI & ISM manu', construction
W - JOLTS, factory orders, vehicle sales, Fed Beige book (2pm)
T - ADP jobs, Weekly jobs, Productivity, Intl' trade, PMI & ISM serv'
F - Monthly jobs
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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 Tues' Sept'2nd.
