Emerging equity markets shine in October
Developed equity markets returned 3.4% in October, while emerging equity markets gained 11.07%, according to Standard & Poor’s data released yesterday. Hungary the only to show a loss.
Among the 26 major developed markets in October, the UK gained 6.38%; Germany, 4.5%; France, 4.14%; the US, 1.97%; and Japan, 0.12%. Only Sweden posted a loss in October, dropping 2.09%. Among major emerging markets, China gained 16.15% and India, 16.01%; Hungary was the only emerging market to show a loss last month, declining 1.87%.
“Concern over corporate earnings charges placed a heavy burden on financial markets in October,” Howard Silverblatt, senior index analyst at Standard & Poor’s, said in a statement about the results. “However, with the exception of the thrifts and mortgage finance subindustry, world equity markets showed strong returns … despite the higher volatility and uncertainty in the marketplace.” All performance numbers are total returns, including dividends, based on the S&P/Citigroup Broad Market index. (pensions&investment))
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.