Investors wealth across major global equities market this week increased markedly, as the hope of developing viable COVID-19 vaccines got boosted by new discoveries from the U.S., Europe, and South Africa.
Besides, the hope of improved business activities also played a major role in investors overall sentiment this week, culminating to week-on-week gains in ten of the thirteen equities market indices under our coverage.
In the U.S., the three broadest indices, the NYSE Composite, the S&P 500, and the DJIA all gained 2.53%, 2.84%, and 2.43% w/w, while in other Advanced markets, the German DAX and the France CAC 40 gained 2.10% and 2.18% w/w respectively.
In emerging markets, China’s Shanghai Composite Index, India’s S&P BSE, and South Africa’s JSE all gained 0.68%, 2.69%, and 0.19% w/w respectively, save for Argentina marvel which lost 4.33% w/w.
We expect the global stock market to sustain the current trend in the coming week, as more economic activities pick up across the globe.