Global Market Data 30Sep2021
Quarter-to-date global market data, as on 30 September 2021, of stocks, bonds, currencies and commodities is as follows:
Table 1: (please click on the image to view better)
QTD, global stocks have remained more or less at the same level. S&P 500 is up just 0.23 per cent while Nasdaq Composite index is down 0.38 per cent. Hang Seng is down 14.75 per cent. But of the major markets, Indians stocks have delivered among the best returns. Nifty 50 and BSE Midcap indices rose by 12 per cent each.
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It's interesting to note India 10-year yield rose by 17 basis points, whereas the US Treasury yield was up by three basis points for the quarter. Gold almost remained the same whereas silver is down 16 per cent. Crude oil prices are up between 2.7 and 4.5 per cent.
US dollar index (DXY) is up 2.1 per cent; British pound and Euro have weakened by more than two per cent versus the US dollar. Bitcoin is up 25 per cent. Indian rupee and Chinese yuan has remained almost same.
Year-to-date global market data are presented below:
Table 2: (please click on the image to view better)
Year-to-date too Indian stocks have delivered one of the best returns clocking gains of almost 25 per cent. But Indian mid-cap stocks have done much better than large-cap stocks. Bloomberg commodity index is up 29 per cent driven by red-hot crude oil prices.
Gold and silver are down by nearly eight and 17 per cent. Bitcoin surged by more than 50 per cent. US dollar index rose by almost five per cent; Euro is down 4.9 per cent versus dollar while the dollar is up 7.9 per cent versus the Japanese Yen.
India 10-year bond yield rose by 32 basis points whereas US 10-year Treasury yield jumped up 48 basis points; driven mainly by bond tapering signals by the US Federal Reserve and global inflationary pressures caused by supply chain bottlenecks, COVID-19-induced restrictions and labour shortages globally.
Overall, global stocks seems to be cooling a bit in recent weeks after giving spectacular returns in the past 18 months while commodities (except precious metals) are generally showing strong price momentum.
Global volatility of financial and real assets may rise in the next few months as the US Fed is expected to start tapering its monthly bond purchases.
P.S.: The data presented in the above two tables are captured today between 6.30 and 6.45 AM IST.
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Disclosure: I've vested interested in Indian stocks and other investments. It's safe to assume I've interest in the financial products discussed, if any.
Disclaimer: The analysis and opinion provided here are only for information purposes and should not be construed as investment advice. Investors should consult their own financial advisers before making any investments. The author is a CFA Charterholder with a vested interest in financial markets.
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He blogs at:
https://ramakrishnavadlamudi.blogspot.com/
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