Performance 2016: Global Stock Markets

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Performance 2016:

Global Stock Markets

Yardeni Research, Inc.

July 22, 2016

Dr. Edward Yardeni

516-972-7683 [email protected]

Mali Quintana

480-664-1333 [email protected]

Please visit our sites at www.yardeni.com blog.yardeni.com

thinking outside the box

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Table Of Contents Table Of Contents Table Of Contents

Performance 2016: World Indexes 3-5

Performance 2016: Europe 6-7

Performance 2016: Emerging Markets 8-11

Performance 2016: Misc 12-13

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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016

-25 -20 -15 -10 -5 0 5 10 15 20 25

-25 -20 -15 -10 -5 0 5 10 15 20

25

MSCI SHARE PRICE INDEXES

(percent change ytd in US dollars)

All Country (3.3) Emerging Markets (9.5) Japan (-3.5)

UK (-4.3) EMU (-6.7) US (6.2)

Latest data thru: 07/22/16

Source: Morgan Stanley Capital International and Standard & Poor’s Corporation.

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Figure 1.

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2016

-25 -20 -15 -10 -5 0 5 10 15

-25 -20 -15 -10 -5 0 5 10

15

MSCI SHARE PRICE INDEXES

(percent change ytd in local currencies)

All Country (2.4) Emerging Markets (6.2) Japan (-14.8)

UK (7.9) EMU (-7.7)

US (6.2)

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Figure 2.

Performance 2016: World Indexes

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-15 -10 -5 0 5 10 15

-15 -10 -5 0 5 10

15

MSCI SHARE PRICE INDEXES

UK (-4.3) EMU (-6.7) Europe (-5.5)

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Figure 3.

2016

-20 -15 -10 -5 0 5 10 15 20 25 30 35

-20 -15 -10 -5 0 5 10 15 20 25 30

35

MSCI SHARE PRICE INDEXES

UK (7.9) EMU (-7.7) Europe (-2.6)

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Figure 4.

Performance 2016: World Indexes

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-20 -15 -10 -5 0 5 10 15 20 25 30 35

-20 -15 -10 -5 0 5 10 15 20 25 30

35

MSCI SHARE PRICE INDEXES

All Country World (3.3)

Emerging Markets (9.5) Emerging Markets:

Asia (5.2)

Emerging Markets:

Latin America (30.7)

Source: Morgan Stanley Capital International.

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Figure 5.

2016

-15 -10 -5 0 5 10 15 20 25 30

-15 -10 -5 0 5 10 15 20 25

30

MSCI SHARE PRICE INDEXES

All Country World (2.4) Emerging Markets (6.2) Emerging Markets:

Asia (3.7)

Emerging Markets:

Latin America (20.7)

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Figure 6.

Performance 2016: World Indexes

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-20 -15 -10 -5 0 5 10 15

-20 -15 -10 -5 0 5 10

15

MSCI SHARE PRICE INDEXES

France (-4.3) Germany (-6.8) Sweden (-6.8) Switzerland (-5.2) United Kingdom (-4.3)

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Figure 7.

2016

-25 -20 -15 -10 -5 0 5 10 15 20 25 30 35

-25 -20 -15 -10 -5 0 5 10 15 20 25 30

35

MSCI SHARE PRICE INDEXES

France (-5.3) Germany (-7.8) Sweden (-4.2) Switzerland (-6.4) United Kingdom (7.9)

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Figure 8.

Performance 2016: Europe

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-70 -60 -50 -40 -30 -20 -10 0 10 20 30 40

-70 -60 -50 -40 -30 -20 -10 0 10 20 30

40

MSCI SHARE PRICE INDEXES

Greece (-21.0) Ireland (-12.7) Spain (-9.0) Italy (-21.4)

Source: Morgan Stanley Capital International

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Figure 9.

2016

-70 -60 -50 -40 -30 -20 -10 0 10 20 30 40

-70 -60 -50 -40 -30 -20 -10 0 10 20 30

40

MSCI SHARE PRICE INDEXES

Greece (-21.8) Ireland (-13.6) Spain (-10.0) Italy (-22.3)

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Figure 10.

Performance 2016: Europe

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-45 -40 -35 -30 -25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 40 45 50 55

-45 -40 -35 -30 -25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 40 45 50

55

MSCI SHARE PRICE INDEXES

Brazil (55.3) China (-2.4) India (4.1) Russia (21.0)

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Figure 11.

2016

-25 -20 -15 -10 -5 0 5 10 15 20 25 30 35

-25 -20 -15 -10 -5 0 5 10 15 20 25 30

35

MSCI SHARE PRICE INDEXES

Brazil (28.9) China (-2.3) India (5.6) Russia (9.9)

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Figure 12.

Performance 2016: Emerging Markets

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-35 -30 -25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 40 45 50 55

-35 -30 -25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 40 45 50

55

MSCI SHARE PRICE INDEXES

Brazil (55.3) Argentina (17.1)

Mexico (2.5) Chile (18.3)

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Figure 13.

2016

-25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 40 45 50 55

-25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 40 45 50

55

MSCI SHARE PRICE INDEXES

Brazil (28.9) Argentina (17.1)

Mexico (10.3) Chile (8.6)

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Figure 14.

Performance 2016: Emerging Markets

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-25 -20 -15 -10 -5 0 5 10 15 20 25 30 35

-25 -20 -15 -10 -5 0 5 10 15 20 25 30

35

MSCI SHARE PRICE INDEXES

Indonesia (19.3) Malaysia (4.8) Pakistan (15.0) Philippines (15.6)

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Figure 15.

2016

-20 -15 -10 -5 0 5 10 15 20 25

-20 -15 -10 -5 0 5 10 15 20

25

MSCI SHARE PRICE INDEXES

Indonesia (13.5) Malaysia (-1.0) Pakistan (15.1) Philippines (15.7)

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Figure 16.

Performance 2016: Emerging Markets

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-25 -20 -15 -10 -5 0 5 10 15 20 25

-25 -20 -15 -10 -5 0 5 10 15 20

25

MSCI SHARE PRICE INDEXES

South Korea (7.7) Taiwan (12.8) Singapore (5.6)

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Figure 17.

2016

-25 -20 -15 -10 -5 0 5 10 15 20 25

-25 -20 -15 -10 -5 0 5 10 15 20

25

MSCI SHARE PRICE INDEXES

South Korea (4.2) Taiwan (10.1) Singapore (1.2)

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Figure 18.

Performance 2016: Emerging Markets

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-20 -15 -10 -5 0 5 10 15 20 25

-20 -15 -10 -5 0 5 10 15 20

25

MSCI SHARE PRICE INDEXES

Australia (5.1) South Africa (21.1) Canada (16.6)

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Figure 19.

2016

-15 -10 -5 0 5 10 15 20 25

-15 -10 -5 0 5 10 15 20

25

MSCI SHARE PRICE INDEXES

Australia (2.7) South Africa (11.9) Canada (10.5)

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Figure 20.

Performance 2016: Misc

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-25 -20 -15 -10 -5 0 5 10 15 20 25 30 35

-25 -20 -15 -10 -5 0 5 10 15 20 25 30

35

MSCI SHARE PRICE INDEXES

China (-2.4) South Korea (7.7) Japan (-3.5) Taiwan (12.8)

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Figure 21.

2016

-25 -20 -15 -10 -5 0 5 10 15 20 25 30 35

-25 -20 -15 -10 -5 0 5 10 15 20 25 30

35

MSCI SHARE PRICE INDEXES

China (-2.3) South Korea (4.2) Japan (-14.8) Taiwan (10.1)

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Figure 22.

Performance 2016: Misc

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Performance 2016: Global Stock Markets