Saturday 31 December 2022

Global Market Data 31Dec2022 - vrk100 - 31Dec2022

Global Market Data 31Dec2022 

 

(please look at the blog dated 16Jan2023  for data from 2012 to 2022)



Quarter-to-date global market data, as on 30 December 2022, of stocks, bonds, currencies and commodities is as follows: 

Table 1: (please click on the image to view better) 

 

Between 30Sep2022 and 31Dec2022, global stock markets seems to have stabilised with Dow Jones, S&P 500, FTSE 100 and Hang Seng recovering significantly compared to the first nine months of calendar year 2022. 


With Japanese Yen, Euro and Pound Sterling bouncing back spectacularly, versus the US dollar, the US dollar index lost 7.7 percent in the fourth quarter (Q4). Crypto currencies (crypto assets) continue their losing streak in Q4 with Bitcoin losing its price by up to 15 percent. 


Silver gained massively in Q4 returning 27 percent whereas gold gained 9.7 percent. The US 10-year Treasury yield gained just 5 basis points (100 basis points equal one percentage point) in Q4 though it had fallen from its peak of 4.30 percent attained in the fourth week of October 2022.


Year-to-date (past 12-month returns) global market data as on 30Dec2022 are presented below:

Table 2: (please click on the image to view better)



 

The US stocks in calendar year 2022 have witnessed their worst yearly performance since the global financial crisis (GFC) in 2008. Nasdaq is the worst performing major index with a loss of 33 percent -- with bellwether stocks, like, Apple, Facebook, Tesla, Amazon and Google (Alphabet) losing heavily. 


Sovereign bond yields of major countries have surged in 2022, giving bondholders their worst performance in several decades. The 10-year US Treasury yield gained 237 basis points in 2022, while India 10-year government bond yield gained 88 basis points in the same period. 


One notable feature of 2022 is both the US stocks and bonds have shown pathetic performance in the same year, with the traditional 60-40 stocks-bond portfolio (60 percent stocks and 40 percent bonds) giving the worst performance in several decades.

 

Indian stocks have significantly outperformed their global peers with Sensex gaining 4.4 percent in 2022. Though pound sterling lost more than 10 percent of its value versus the US dollar in 2022 and the UK government bond prices facing tumultuous times, FTSE 100 index is stable in 2022 with a gain of one percent. 

 

With Europe bearing the brunt of Russia's invasion of Ukraine and the concomitant  energy crisis, DAX 30 index lost 12 percent in 2022. 

 

Crypto currencies are the worst performing 'asset class' in 2022 with Bitcoin losing almost two-thirds of its value.  The US dollar gained 9 percent and 11 percent against the Chinese Yuan and Indian rupee respectively in 2022. 

 

Looking forward to 2023, one is hoping global markets may stabilise even as recessionary fears in the US and Europe have been increasing. But one should brace for heightened volatility in financial markets especially in the first half of 2023. 

- - -

 
 
P.S.: In Table 2 above, the change in US 10-year Treasury yield was wrongly mentioned as up 137 basis points, which was actually up 237 bp -- the same was corrected on 17Jan2023.
 

-------------------

Read more:  

BSE Broad and Sector Indices Returns 30Dec2022

Crisil Report - Big Shift in Financialisation 

Global bond yields, negative real interest rates and soft landing

Indian Energy Exchange Buyback Offer 2022 

Larsen & Toubro Infotech & Mindtree Merger Effective 14Nov2022

Indian Energy Exchange Limited - Brief Analysis

JP Morgan Guide to the Markets 

Infosys Limited Buyback Offer 2022

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

Weblinks and Investing

-------------------


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/

https://www.scribd.com/vrk100

Twitter @vrk100

 

No comments:

Post a Comment