FINANCIAL MARKETS WEEKLY – Stock markets continued to rise

    • Financial markets weekly

The positive mood on global financial markets continued last week. As a result, the broadest global stock index MSCI All Country World recorded a strong gain of 2.3% and reached another all-time high.

FINANCIAL MARKETS WEEKLY – Stock markets continued to rise

From a regional point of view, developed markets were more successful this time, with the MSCI World index gaining 2.4%. Emerging markets according to the MSCI Emerging Markets index recorded a gain of 1.8%. In terms of investment style, value stocks were more successful, with the MSCI All Country World Value index gaining a gain of 2.8%. Growth stocks according to the MSCI All Country World Growth index recorded a gain of 2.0%.
n terms of specific markets, Japanese equities were the most successful, with the Nikkei index recording a highly above-average gain of 4.4%. On the other hand, Chinese equities (CSI 300 +0.8%) and European equities (STOXX Europe 600 + 0.9%) recorded weaker performance.

According to the broadest global index, Bloomberg Barclays, global bond markets recorded a modest gain of 0.3%, while the average global yield to maturity fell by 0.01% to 0.86%. Non-investment speculative (high-yield) corporate bonds recorded a gain of almost 1%.

S&P GSCI global commodity index recorded a gain of 3.8%. The price of Brent crude oil rose 7.2% to $ 48 a barrel. Gold, on the other hand, fell 4.8% to $ 1,782 an ounce.

Let's add that November is perhaps the best month for stocks in history so far. The MSCI All Country World index has attributed a phenomenal appreciation of 13.2% since the beginning of November.

Michal Stupavský
Investment Strategist at Conseq Investment Management, a.s.


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