Global Market Data 30Sep2022
Quarter-to-date global market data, as on 30 September 2022, of stocks, bonds, currencies and commodities is as follows:
Table 1: (please click on the image to view better)
One notable feature of the financial markets in the past quarter has been the relentless rise of US dollar against the other major currencies. The Japanese Yen, the Euro and the British Pound have weakened considerably against the dollar, pushing the US dollar index or DXY by seven percent to 112 in the quarter.
Relatively speaking, Indian stocks outperformed other markets in the quarter, showing resilience amidst global weakness. Commodities, including crude oil, metals and agricultural commodities, have cooled off. And US 10-year Treasury yield shot up by more than 80 basis points to 3.83 percent.
Year-to-date (past nine-month returns) global market data as on 30Sep2022 are presented below:
Table 2: (please click on the image to view better)
YTD, Indian stocks have showed extraordinary resilience in the face of major global headwinds in the form of currency collapse, rising global bond yields, Russia's Ukraine invasion and others.
This year will be seen as the year of the mighty US dollar. Inexplicably, both bond and stock prices have collapsed this year, especially in the US and other Western markets. The US stocks appear to be in a bear market with indices losing more than 20 percent during this year. Bitcoin (in US dollars) has lost three-fifths of its price.
The uncertainty in the financial markets is likely to continue until the major central banks stop raising interest rates aggressively.
-------------------
Read more:
JP Morgan Guide to the Markets
Indians' Love For Cash Continues Unabated
Exit India Policy by Foreign Investors
Nifty 50 Index Quarterly Movement
Mutual Fund Asset Class Returns
Global Bond Yields and Asset Prices
Slowest Growth in India's Real Per Capita Income
Why is India Falling Behind Bangladesh?
How Rates and Ratios are Moving
Slowing Foreign Direct Investment to India
A Rundown on Prince Pipes & Fittings
Primer on Credit Rating Scales
-------------------
Disclosure: I've vested interested in Indian stocks and other investments. It's safe to assume I've interest in the financial instruments / 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.
CFA Charter credentials - CFA Member Profile
CFA Badge
He blogs at:
https://ramakrishnavadlamudi.blogspot.com/
Twitter @vrk100
No comments:
Post a Comment