rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
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 Posted: Tue Jun 01, 2010 6:19 am Post subject: |
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| Quote: | “Certainly selling in May would have been a sensible decision this year with the MSCI World index dropping almost 10% in dollar terms. Its worst month since February 2009 and its worst May since this index began back in 1970. Certainly the weak euro was a major factor with the MSCI Eurozone index losing 14.3% in dollar terms, its fourth worst month since the euro’s creation back in 1999.
In the Eurozone, Greece (-19%), Ireland (-13%) and Spain (-11%) all experienced double-digit losses. However of greater significance were the losses in Asia. China’s Shanghai B was off 16% and the CS300 dropped 9.6%. The latter is 26% off the recent highs seen back in August 2009. Japan had a terrible month with the Nikkei 225 falling 11.6%, its worst decline since October 2008. The smaller capitalisation Mothers index fell 18%, wiping out its previously strong gains for the year in one month. The Asia-Pacific ex Japan region also suffered with losses of 14.3% in dollar terms. The Aussie dollar declined by nearly 9% (worse than the euro) versus the US dollar during the month, which clearly didn’t help. |
--SocGen
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Today is the Tomorrow you worried about Yesterday! |
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