| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Global Economy Last Updated: Jan 3, 2014 - 5:28 AM


Global shares rose 20% in 2013; Nikkei best in 41 years, Dow in 18
By Michael Hennigan, Finfacts founder and editor
Jan 1, 2014 - 9:27 AM

Email this article
 Printer friendly page
Shinzo Abe, Japanese prime minister, rings the closing bell of the Tokyo Stock Exchange, Dec 30, 2013 - - the last trading day of a banner year that saw the Nikkei 225 benchmark surge to the highest annual rise since 1972.

Global shares rose 20% in 2013 with Japan's Nikkei 225 having its best performance since 1972, 41 years ago while in the US, the Dow Industrial Average had its best year since 995, 18 years ago.

The MSCI All-Country World Index of stocks in developed and emerging markets closed Tuesday at 408.33, its highest level since late 2007 and up 20% in 2013. The index contains stocks from 46 different countries with 23 countries classified as developed markets and 23 countries considered emerging markets. The MSCI Emerging-Market Index fell 5% in 2013.

Bond purchases by the US Federal Reserve amounting to over $1tn at an annualised rate and a massive effort by the Bank of Japan to end 15 years of deflation by expanding the money supply, coupled with an improving global outlook underpinned the rally in shares. Bloomberg reported that the biggest rally since the 1990s is pulling annual gains back toward historical averages after the credit crisis wiped out $11tn in total US market value. Everyone from Pacific Investment Management Co.’s (PIMCO) Tony Crescenzi to Robert Shiller, the Yale University economist and Nobel laureate, observed in 2009 that investors were no richer then than they were a decade earlier.    

Finfacts: Commodity prices down in 2013; Gold plunges; US dollar and euro rise

Bloomberg data showed that the best-performing stock market in 2013 in dollar terms was Venezuela, which had  a return of 296%. It was followed by Dubai (108%), Abu Dhabi (63%), Bulgaria (48%), Ghana (44%), Nigeria (44%), Kenya (43%), Argentina (42%) and Ireland (39%).

Europe

The pan-European Stoxx Europe 600 Index rose 17% in 2013, the biggest annual gain since 2009, as the economic crisis in the region eased.

At Tuesday's close, London's FTSE 100 index was up 14% for the year. France's CAC-40 was 18% higher and on Monday the German DAX index ended the year's trading up 26% in 2013.

Ireland's ISEQ index had the best performance in Europe, which we cover here:

Finfacts: Irish shares rose by 33.6% in 2013; ISEQ index back to early 1998 levels

Spain's IBEX 35 and Italy's FTSE MIB advanced 21% and 17% respectively, while Greece's ATHEX Composite jumped 28%.

Asia

Japanese shares have been the best performers this year among the 24 major developed markets tracked by Bloomberg as Prime Minister Shinzo Abe and the central bank acted to reverse deflation.

While the Nikkei 225 Stock Average had its best year since 1972 with a 57% rise, the MSCI Asia-Pacific Ex-Japan index rose only 0.4% in 2013.

The index traded at a price-to-earnings ratio of 13.3, data compiled by Bloomberg show. That compares with an earnings multiple of 17.9 on the MSCI All-Country World Index

The Shanghai Composite index fell 6.8%, a third year of falls out of four. In Hong Kong, the Hang Seng index gained almost 3% while Singapore's Straits Times Index was flat with a 0.01% rise compared with 19.7% in 2012.

In India, the S&P BSE Sensex added 8.97% in 2013; South Korea's Kospi index rose 9% and Australia's S&P/ASX 200 climbed 15%.

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) had a 10.5% gain on the year, Southeast Asia's second-best performing bourse after Vietnam, which saw its benchmark VN Index close up 22%.

Amidst political turmoil, the Thai stock market ended 2013 with a 6.7% loss, the first in four years. Indonesia benchmark fell 2.1%; in Pakistan, the Karachi market gained 49% in 2013.

US

The Wall Street Journal said that US stocks rose on the final trading day of 2013, capping the Dow industrials' biggest annual rally in 18 years. It closed at 16576.66 - - at a record high for the 52nd time in 2013 and a 27% annual rise for its best annual performance since 1995.

The S&P 500 gained 30% in 2013, its best year since 1997 while small companies' shares performed even better. The Russell 2000 index of small companies' shares rallied 37% this year, its biggest such rally since 2003.

The Nasdaq Composite rose 38%.

Americas & Africa

In Brazil, the Ibovespa index fell 15.5%  in 2013 after a gain of  7% in 2013 while in South Africa, the benchmark Top 40 stock index rose to a record high Tuesday to closet 2013 with a 19% annual gain.

Check out our subscription service, Finfacts Premium , at a low annual charge of €25

Related Articles
Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

Global Economy
Latest Headlines
Strong Swiss franc gloom deepens for exporters
Global investors shift focus to China; EM outflows surge to $1tn in 13 months
Global oil glut will continue into 2016
Stable growth momentum in OECD area but slowing expected in China
Prices for major food commodities in July lowest since September 2009
Global manufacturing in July weakest level in two years
US, China and UK lead top 25 target countries for foreign direct investment
Budget surpluses rare in developed countries from 1980s; Italy, France, Greece had none in 60 and 40 years
Singapore, London and Shanghai top cities for new FDI projects in 2014; Dublin in 11th place
Exchange rates shuffle as Dublin ranked 49th most expensive city; Paris at 46; Berlin at 105
Western consumer groups under pressure in China and India
Developing countries facing “structural slowdown” likely to last for years
OECD BEPS Tax Project: Amazon books UK sales in UK; Australia proposes up to 100% in penalties
Emerging Markets Index falls to 12-month low in May as manufacturing contracts
US and world economies slowing in 2015 — OECD
Global manufacturing production rose slightly in May; Trade flows weak
GDP growth in OECD area slowed to 0.3% in the first quarter of 2015
Only one quarter of workers worldwide have stable employment contracts
Automatic Exchange of Tax Information: OECD says countries won't be able to game system
Gates Foundation loses in Swiss family's shares coup
Minimum wage levels in OECD countries
Brent oil benchmark over $68 a barrel - up almost 50% in 2015
Global growth slows and manufacturing dips to 21-month low
Family-controlled firms dominate European business
Top 10 of world’s 250 largest consumer products companies account for 30% of sales
Nine of world's 20 fastest growing economies in Africa
Globalisation maybe stalling as trade growth remains weak
Global growth prospects uneven across major economies says IMF
Emerging markets growth lowest since 2009; Global growth at 30-year average
China's economic rebalancing hitting Latin American economies
New York, London, HK & Singapore top global financial centres index; Dublin recovers
Global growth in modest expansion from low oil prices/ monetary easing says OECD
Composite leading indicators point to positive change in growth momentum in the Eurozone
Global labour market trends portend paradise for some but uncertainty for many workers
Vienna remains top of World Quality of Living Rankings in 2015; Dublin at 34
Zurich and Geneva overtake Singapore to become world's most expensive cities
HSBC Switzerland and Falciani: How it happened
Global economic power to continue shift from advanced economies
Global food price index falls in January; Cereal output set for record
Global debt has risen $57tn or 17% of world GDP since 2007