In the past few weeks, continuing the growth of world stock markets. After the March 9, 2009. Most indices around the world have reached their minimum values, began to rise. As a result, less than three months in world equity markets have grown by an average of 45%.
And experts note that while there were no signs of the imminent end of the rally. The most interesting thing is that now the world’s equity markets was not volatile: index MSCI (global stock index) has grown almost without stopping for the past 13 weeks.
However, experts note that the growth of world markets began with a fairly low marks, so the current increase rather similar to the correction. Thus, in the period from November 2007. to March 2009. MSCI index has lost about 60% or 257 points. However, over the past three months, counting on the items, he played only a third of his fall, said market participants.
Of course, last year there were many reasons for the decline in world markets: the bankruptcy of Lehman Brothers, and the recession of the world’s major economies, and investor’s concerns about the worsening global financial crisis. Recently, however, participants in the market calmed down a bit and believe in the imminent economic recovery. In this regard, the stock markets began to grow.
It should also be noted that particularly strong growth in equity markets in developing countries: in times of crisis MSCI index has fallen by 67%. While he managed to play only 38% of these losses. But still the growth was much more significant than the growth index of MSCI, tracking shares exclusively in developed countries.
According to estimates of market participants, the main reason for the rally world’s stock markets has become an early investor confidence in the reconstruction of the global economy. Moreover, usually the first to recover those economies that are most affected by the crisis. So, this time first began to grow markets for developing countries, experts added.
And do not forget about the fact that in recent years are gradually beginning to recover from the situation in the commodity markets. For example, over the past 4 months, black gold went up twice that positively affected the stock markets of commodity-dependent countries such as Russia, Mexico and Brazil.
Moreover, some experts believe that investors are now trying to find the positive in any report on the state of the world economy. For example, late last week published data on U.S. GDP on the basis of I quarter. The data were significantly worse than analysts’ forecasts, but global stock indices with a grown up. The point is that investors have not managed to draw attention to data on U.S. GDP, but played good, published the same day in the euro zone. And even the largest bankruptcy of the U.S. car companies – General Motors – did not have any influence on the course of bidding.