Twenty-three developed markets lost 1.1% on average this week, the biggest average weekly loss since early January. Nineteen markets fell, including 15 by at least 1% and seven by at least 2%. Switzerland, the Netherlands, and Austria lost nearly 3% apiece. Denmark (+2.8%) lead, after gaining nearly 5% on Friday. Hong Kong was among four other markets that posted gains.
Author: Kenley Scott
Kenley Scott is a senior equity analyst and sector strategist covering the APAC region and the Energy sector. He is a member of the Global Focus List Committee, which approves all equity recommendations for developed, emerging, and frontier markets. Kenley also writes the Global Sector Summary, part of the Sector Strategy service, which identifies emerging sector strength and weakness across 46 countries every week. After working as a commodities broker, Kenley joined the firm in July 2006. He has a B.S. in Statistics from the University of California, Riverside and also holds a Series 65 securities license.
Gains Broadly Resume, Several Asian Markets Provide New Opportunites
Twenty-three developed markets resumed broad strength, gaining 1.6% on average. Nineteen markets rose, 10 by at least 2%. The U.K., Portugal, and the U.S. (NASDAQ) led, with 3.6%, 3.7%, and 3.3% gains, respectively. Leading markets, including Germany and Denmark, were at the lower end of weekly gainers, but pushed further into 52- week highs. Three markets fell (New Zealand, Austria, Ireland), each by 1% or less.
Market Pause for a Second Week; A look at Currency Adjustments
Twenty-three developed markets were flat on average, but very mixed for the week. Twelve markets rose, led by Germany (+3%), which is now the year-to-date leader. Several other leading year-to-date markets (Denmark,Finland, Ireland, and Portugal) posted gains of at least 1%. Japan also gained 1.5%, although it remains in the middleof-the pack for the year. The U.S., U.K., Canada, Hong Kong, Australia, and Norway were among seven markets thatlost at least 1%.
Market Flat to Down Slightly; Leading Markets Due for a Pause
Twenty-three developed markets were slightly positive on average this week. It was the fifth consecutive week, and seventh week of the past eight, to see gains, although gains were more subdued this week. Fourteen markets rose, but just four (Austria, Germany, the Netherlands, and Israel) gained over 1%. Eight markets posted losses. Hong Kong (-2.7%) fell by the most, and the U.S., Canada, and Sweden also lost at least 1%.
Developed Markets Outperform Again, U.S. Sectors Begin to Shift
Twenty-three developed markets gained about 1.9% on average this week, making it the fourth consecutive
week and sixth week of the past seven posting solid gains. All markets, except Singapore (-1.0%) and the
U.S. (S&P 500, -0.3%), rose, including 13 by at least 2% and five (Denmark, Germany, Ireland, Portugal, and
Sweden) by at least 3%. Despite posting gains, other laggard markets included Canada, Hong Kong, Norway,
and the U.K.
Developed Markets Stretch Year-to-Date Lead
Twenty-three developed markets gained about 1.1% on average this week, for the third consecutive
week of solid gains. Twenty markets rose, with exception of New Zealand, Canada, and Norway,
which were each down slightly. Nine markets rose by at least 1% and six (Japan, Italy, Portugal,
Denmark, Israel, and Switzerland) rose by at least 2%. Denmark was the clear leader, gaining
over 6%, including 2% on Friday.
Global Strength Continues
Twenty-three developed markets gained 1.4% on average this week, the second
consecutive week, and fourth week in the past five, of solid gains. All markets rose,
with the exception of New Zealand (-0.2%). Fourteen markets rose by at least 1%,
and four (Austria, Sweden, Italy, Netherlands) rose by at least 2%.
Most Markets Push Higher, U.S. Earnings Results Mixed
Twenty-three developed markets gained about 1.9% on average this week, broadly resuming gains after
pausing last week. Twenty markets rose, including 10 by at least 2% and five (U.S., Australia, Austria,
Norway, and Canada) by at least 3%. Japan was slightly negative, while Denmark was the only market to
fall substantially (-2.3%).
European Markets Lead Through January, U.K. Housing Stocks Strengthen
Twenty-three developed markets were down about 0.5%, generally consolidating after posting over 4%
average gains last week. Fourteen markets fell, and seven fell by at least 1%, including The U.S., Hong
Kong and Canada. Weekly leaders included Switzerland, Sweden, Denmark, and Australia, which each
gained over 1.5%. Germany, France, and the U.K. were either up slightly or down slightly.
Markets Extend Gains, Developed Markets Continue to Lead
Twenty-three developed markets posted huge gains for the week. The 4.1% average gain was driven by 20
markets which gained at least 2% and 13 markets which gained at least 4%. Finland, Italy, Ireland, France,
and Spain gained at least 5%. New Zealand and Israel lagged, gaining 0.9% and losing 0.8%, respectively.
The U.S. (
) was the third laggard, but still managed a 1.6% gain.
