Recent Updates
- Hong Kong: Movements of Aircraft, Passenger and Freight (Apr)
- US: Mfg & Trade Inventories & Sales (Mar), IP & Capacity Util, Adv Retail Sales (Apr)
- US: NAHB\Wells Fargo Housing Market Index (Mar)
- US: Industrial Production Detail (Apr)
- more updates...
Economy in Brief
U.S. Retail Sales Posted Solid Rise in April
Notwithstanding falling real incomes and declining confidence measures, consumer spending posted a solid increase...
U.S. Home Builder Index Took a Steep Drop in May
This is the fifth straight month that builder sentiment has declined...
U.S. Empire State Manufacturing Index Declines in May
The Empire State Manufacturing Index of General Business Conditions dropped thirty-six points...
Surging Imports Send the EMU Trade Scene Deeper into Deficit
The trade balance for the Euro Area fell sharply to 17.5 billion euros in March...
U.S. Import Prices Hold Steady While Export Prices Rise in April
Import prices held steady m/m (+12.0% y/y) in April...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & Fed Policy: A Relationship Which Should Worry The Fed And Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
"Core" GDP Suggests Economy Gained Momentum in Q1:2022
by Louise Curley March 5, 2007
The 9% decline in the Chinese stock market last Wednesday was followed by a good deal of turmoil in most of the stock markets of world. There were smaller declines in most other countries and some recoveries later in the week in China and elsewhere. However, in some cases, Brazil for example, the decline continued and by Friday of last week, the Brazilian stock market was 8.3% below the February 26 peak, while the Chinese market had recovered a bit and was 5.8% below its February 26 peak. The first chart compares the daily stock prices in China and Brazil.
By Friday of last week, the stock markets in India and Japan were down 5.6% and 5.5% respectively, but the market in South Korea was down only 3.8%. The stock markets in South Korea and Japan are shown in the second chart.
Markets in the United State, United Kingdom and in the Euro Area are highly correlated as can be seen in the third and fourth charts. By Friday, the FTSE Eurozone 300 index was down 5.8%, while the U. K. FTSE All shares was down 4.9% and the U. S. Standard and Poor's 500 was down 4.29%
The above charts show only a few of the many stock markets indexes that Haver carries. The most up to date data are in the DAILY, INTDAILY and MSCID (Morgan Stanley Capital International ). There are also up to date weekly data in the WEEKLY, INTWKLY and MSCIW. National indexes are also given in the country sourced data.
STOCK MARKET INDEXES | 2/26/07 | 2/27/07 | 2/28/07 | 3/2/07 | 2/26-2/27 % | 2/26-3/2 % |
---|---|---|---|---|---|---|
China Dow Jones Chenzhen (12/31/93=100) | 264.5 | 241.3 | 250.62 | 248.96 | -8.77 | -5.88 |
Japan Nikkei 225 (5/16/49=100) | 18215 | 18120 | 17604 | 17218 | -0.52 | -5.48 |
India Bombay Sensex (1979=100) | 13650 | 13479 | 12938 | 12886 | -1.25 | -5.59 |
South Korea Composite (1/4/80=100) | 1470.0 | 1454.6 | 1417.3 | 1414.5 | --1.05 | -3.78 |
Brazil Bovespa (12/29/83=100) | 46207 | 43145 | 43892 | 42670 | -6.63 | -8.31 |
FTSE Euro Zone 300 (7/29/97=100) | 1692.7 | 1643.2 | 1620.7 | 1594.0 | -2.92 | -5.83 |
FTSE U K All Shares (4/10/62=100) | 3336.2 | 3252.3 | 3198.3 | 3172.3 | -2.51 | -4.91 |
S&P 500 (41-43=100) | 1449.4 | 1399.0 | 1406.8 | 1387.2 | -3.47 | -4.29 |