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Just two global indices remain in positive territory since the pandemic

by LLB Editor
10th Jun 20 12:11 pm

Research by Sourced Capital shows that just two global indices have seen positive movement since the start of the COVID-19 pandemic, with the rest all in negative territory since the end of last year.

Across the 19 global indices, average growth currently sits at -10% since pre-pandemic levels seen in November 2019.

Just two have kept their head above water, the Argentinian Merval index and perhaps surprisingly, the NASDAQ 100.

The Merval has seen growth of 14% over the last six months, while the NASDAQ is close behind with a 12% uplift.

China’s Shanghai Comp has seen a marginal decline of -2%, while the US S&P 500 (-4%) has also seen a decline of less than -5%.

The worst performing to date is the Spanish IBEX 35, with a fall of -23% over the last six months, with the Italian FTSE MIB not far behind with a decline of -21%.

The Brazillian BOVESPA and French CAC 40 indices have also seen a decline of -20%.

With a decline of -16%, the UK’s FTSE 100 also sits in the bottom half of the table, joined by the S&P ASX20, BEL 20, RTS and Hang Seng.

Managing Director of Sourced Capital, Stephen Moss said, “The spread of the Coronavirus continues to have a different degree of impact across each nation and this is no different when it comes to the financial markets.

“It certainly looks as though nations, such as Spain, Italy and Brazil, who have found themselves suffering to the greatest extent have also seen the biggest knock-on effect within their respective global indices and growth during the pandemic.

“The USA certainly seems to be the exception at present, particularly with the additional problems the country is facing, but along with Argentina it is the only nation to remain in positive waters for index growth.”

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