Despite the challenges associated with economic instability, including rising interest rates, 2023 ended with notable growth in global equity markets.
The beginning of 2024 has not been unambiguous, and the direction of the world stock market indices has been different, but in general, small drops in share prices alternate with small rises.
If we look at the performance of the indices after the first two trading weeks of this year and compare them with the values in the corresponding period of time a year earlier, we mostly see double-digit percentage increases. Both the US broad market index Standard & Poor’s 500 (S&P 500), as well as Bovespa and SENSEX indices of developing countries such as Brazil and India, respectively, had experienced a 20% increase in value during the reporting period.
In Europe, the rise has been slower and, for example, the German stock market index DAX was at a 10% higher point after the first two trading weeks of this year than a year earlier. Meanwhile, a much faster rise has been in Japan, where the index Nikkei 225 increased by almost 38% in the mentioned time frame. But not everywhere in Asia has been on the rise, as for example the Chinese stock market indicator Shanghai Composite had experienced a drop of 10.7% in the mentioned time period.
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