Weekly Summary:
Most of the global Equity markets
except a few such as China, Kuwait and Qatar ended in green for the week ending
20 Dec 2013. Highest gainer for the Week was Germany’s Dax 30 with 4.4% gains
for the week. It was followed by Abu Dhabi’s ADX (+3.5%), France’s CAC 40 (+3.3%)
and Russia’s Micex (+3.1%). The highest losing index of the week was China’s
Shanghai SE Composite which lost about 5.1% during the week.
US Equity Market (13 Dec
2013 – 20 Dec 2013)
US Equity Markets witnessed some
volatility with markets beginning on a positive note on account of positive
manufacturing data but later contracting ahead of the Federal Reserve Meeting.
However, Fed’s decision of a low interest rate policy for an extended period
coupled with a marginal taper of its
stimulus program by US$10bn led to market rallying to an all time high during
the week.
European Equity Market (13
Dec 2013 – 20 Dec 2013)
European markets of Germany,
France and UK ended in green for the week supported by a strong manufacturing
data, good GDP numbers reported by UK as well as Fed’s decision which was
viewed favorably by the market.
BRIC Equity Market (13 Dec
2013 – 20 Dec 2013)
All BRIC index market, except
China, reacted positively to Fed’s decision and reported positive gains for the
week ending 20 Dec 2013. China’s Shanghai SE Composite retracted over liquidity
concerns in equity markets following People’s Bank of China’s decision to infuse
liquidity into select banks.
GCC Equity Market (12 Dec
2013 – 19 Dec 2013)
Performance of GCC region’s
indices was mixed. While Saudi Arabia’s
Tadawul All Share Index, Abu Dhabi’s ADX, Dubai’s DFM and Muscats’ MSM 30
reacted positively to Fed’s decision, Kuwait’s index and Qatar’s DSM 20
declined for the week. Dubai’s stock exchange rally was also supported by its
successful bid to host World Expo 2020, recovery in real estate prices and Emaar
Properties stock gaining after it approved a bond conversion that will result
in fewer new shares than expected.
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