Performance 2014: Global Stock Markets Yardeni Research, Inc. November 13, 2014 Dr. Edward Yardeni 516-972-7683 [email protected] Mali Quintana 480-664-1333 [email protected] Please visit our sites at www.yardeni.com blog.yardeni.com thinking outside the box Table Of Contents Table Of Contents Performance 2014: World Indexes Performance 2014: Europe Performance 2014: Emerging Markets Performance 2014: Misc November 13, 2014 / Performance 2014: Global Stock Markets 3-4 5 6-7 8 Yardeni Research, Inc. www.yardeni.com Performance 2014: World Indexes Figure 1. 15 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 15 (percent change ytd in US dollars) World (3.3) Europe (-7.5) Emerging Markets (-1.0) S&P 500 (10.3) 10 5 10 5 0 0 -5 -5 -10 -10 yardeni.com -15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -15 Dec 2014 Source: Morgan Stanley Capital International and Standard & Poor’s Corporation. Figure 2. 12 10 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 (percent change ytd in US dollars) 10 All Country (2.9) Emerging Markets (-1.0) EMU (-10.6) Japan (-3.2) US (10.1) UK (-6.8) 8 6 4 2 12 8 6 4 2 0 0 -2 -2 -4 -4 -6 -6 -8 -8 -10 -10 -12 -12 -14 -14 yardeni.com -16 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -16 Dec 2014 Source: Morgan Stanley Capital International and Standard & Poor’s Corporation. Page 3 / November 13, 2014 / Performance 2014: Global Stock Markets Yardeni Research, Inc. www.yardeni.com Performance 2014: World Indexes Figure 3. 12 10 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 (percent change ytd in US dollars) 12 10 8 8 EMU (-10.6) Europe (-7.5) UK (-6.8) 6 4 6 4 2 2 0 0 -2 -2 -4 -4 -6 -6 -8 -8 -10 -10 -12 -12 -14 -14 yardeni.com -16 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -16 Dec 2014 Source: Morgan Stanley Capital International and Standard & Poor’s Corporation. Figure 4. 20 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 20 (percent change ytd in US dollars) 15 15 All Country World (2.9) Emerging Markets (-1.0) Emerging Markets: Asia (3.4) Emerging Markets: Latin America (-7.9) 10 10 5 5 0 0 -5 -5 -10 -10 -15 -15 yardeni.com -20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -20 Dec 2014 Source: Morgan Stanley Capital International. Page 4 / November 13, 2014 / Performance 2014: Global Stock Markets Yardeni Research, Inc. www.yardeni.com Performance 2014: Europe Figure 5. 10 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 10 (percent change ytd in US dollars) 5 5 0 0 -5 -5 -10 -10 France (-11.4) Germany (-14.6) Sweden (-7.8) Switzerland (0.3) United Kingdom (-6.8) -15 -15 yardeni.com -20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -20 Dec 2014 Source: Morgan Stanley Capital International. Figure 6. 30 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 30 (percent change ytd in US dollars) Greece (-33.8) Ireland (-6.5) Spain (-4.8) Italy (-8.9) 20 10 20 10 0 0 -10 -10 -20 -20 -30 -30 yardeni.com -40 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -40 Dec 2014 Source: Morgan Stanley Capital International Page 5 / November 13, 2014 / Performance 2014: Global Stock Markets Yardeni Research, Inc. www.yardeni.com Performance 2014: Emerging Markets Figure 7. 30 25 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 (percent change ytd in US dollars) 30 25 20 20 15 15 10 10 5 5 0 0 -5 -5 -10 -10 -15 -15 -20 -20 Brazil (-11.5) China (1.9) India (27.8) Russia (-29.6) -25 -30 -25 -30 yardeni.com -35 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -35 Dec 2014 Source: Morgan Stanley Capital International. Figure 8. 60 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 60 (percent change ytd in US dollars) 40 40 Brazil (11/13=-11.5) Argentina (11/13=27.0) Mexico (11/13=-1.6) Chile (11/13=-10.0) 20 20 0 0 -20 -20 yardeni.com -40 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -40 Dec 2014 Source: Morgan Stanley Capital International. Page 6 / November 13, 2014 / Performance 2014: Global Stock Markets Yardeni Research, Inc. www.yardeni.com Performance 2014: Emerging Markets Figure 9. 45 40 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 (percent change ytd in US dollars) 40 Indonesia (22.2) Malaysia (-6.3) Pakistan (6.3) Philippines (22.4) 35 30 45 35 30 25 25 20 20 15 15 10 10 5 5 0 0 -5 -5 yardeni.com -10 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -10 Dec 2014 Source: Morgan Stanley Capital International. Figure 10. 15 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 15 (percent change ytd in US dollars) 10 10 South Korea (-10.2) Taiwan (7.4) Singapore (0.0) 5 5 0 0 -5 -5 -10 -10 yardeni.com -15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -15 Dec 2014 Source: Morgan Stanley Capital International. Page 7 / November 13, 2014 / Performance 2014: Global Stock Markets Yardeni Research, Inc. www.yardeni.com Performance 2014: Misc Figure 11. 20 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 20 (percent change ytd in US dollars) Canada (2.3) Australia (-0.5) South Africa (6.4) 10 10 0 0 -10 -10 yardeni.com -20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -20 Dec 2014 Source: Morgan Stanley Capital International. Figure 12. 20 MSCI SHARE PRICE INDEXES Latest data thru: 11/13/14 20 (percent change ytd in US dollars) 15 15 Japan (-3.2) China (1.9) South Korea (-10.2) Taiwan (7.4) 10 10 5 5 0 0 -5 -5 -10 -10 yardeni.com -15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov -15 Dec 2014 Source: Morgan Stanley Capital International. Page 8 / November 13, 2014 / Performance 2014: Global Stock Markets Yardeni Research, Inc. www.yardeni.com Copyright (c) Yardeni Research, Inc. 2014. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on http://blog.yardeni.com www.yardeni.com, blog.yardeni.com, and YRI’s Apps for iPads and iPhones are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company’s stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed on any Yardeni Research, Inc. product, service, report, email or website are proprietary to Yardeni Research, Inc. and constitute valuable intellectual property. No material from any part of www.yardeni.com, http://blog.yardeni.com blog.yardeni.com, and YRI’s Apps for iPads and iPhones may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of Yardeni Research, Inc. All unauthorized reproduction or other use of material from Yardeni Research, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Yardeni Research, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. Yardeni Research, Inc. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights. The recipient should check any email and any attachments for the presence of viruses. Yardeni Research, Inc. accepts no liability for any damage caused by any virus transmitted by this company’s emails, website, blog and Apps. Additional information available on request. [email protected]