Global stock markets still below 2007/8 peaks

Economic growth, Financial Events, Leverage

stocks Mar10.pngBy coincidence, the blog’s 6-monthly review of global stock markets takes place in March/September, so its review last March took place just as the market rally began. This week is therefore a good time to review developments since then.

Russia has been the the best performer (up 160%) and India up 100%. Brazil, another BRIC country, is in 3rd place (up 85%). But China, the fourth BRIC, is last, with a rise of ‘just’ 40%, behind Japan (up 45%). The US, Germany and UK are up c60%.

The blog maintains its view that this is a typical bear market rally, however, with a further decline to come. And the chart above provides some evidence for its belief. Even after these rallies, all the major markets are still down versus their 2007/8 peak. The best performer remains Brazil, down just 6%.

China and Japan are the worst performers, down 50% and 43% respectively since their peak. Russia is still 39% down, in spite of its recent rally. Then come Germany and the US, down 27%, with India and the UK in 2nd place, down c18%.


Napa Valley foreclosures rise in 'new normal'


By coincidence, the blog’s 6-monthly review of global stock markets takes ...

Learn more

Ralf Kuhlmann retires


By coincidence, the blog’s 6-monthly review of global stock markets takes ...

Learn more
More posts
Companies and investors have just 30 working days left to prepare for a No Deal Brexit

Companies across the UK and EU27 are suddenly realising there are now just 30 working days until the...

The BoE’s pre-emptive strike is not without risk

The Financial Times has kindly printed my letter below, arguing that it seems the default answer to ...

Flexible working is key to reversing today’s collapse in fertility rates

Women in most parts of the world are not having enough children to replace our population. This is o...

No Deal Brexit remains UK law unless MPs reverse their previous votes

“That couldn’t happen” are probably the 3 most dangerous words in the English lang...

CEOs need new business models amid downturn

Many indicators are now pointing towards a global downturn in the economy, along with paradigm shif...

Stock markets risk Wile E. Coyote fall despite Powell’s rush to support the S&P 500

How can companies and investors avoid losing money as the global economy goes into a China-led reces...

Chart of the Year – China’s shadow banking collapse means deflation may be round the corner

Last year it was Bitcoin, in 2016 it was the near-doubling in US 10-year interest rates, and in 2015...

BASF’s second profit warning highlights scale of the downturn now underway

The chemical industry is easily the best leading indicator for the global economy.  And thanks to K...


Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more


Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more