Bull dominates the Bear across coverage markets

Bull dominates the Bear across coverage markets brandspurng
Photo by NeONBRAND on Unsplash

Trading activities in most of our coverage market closed positively this week, in the reverse of the trend witnessed last week. Specifically, ten (10) out of the fourteen (14) global stock market indices under our coverage close bullish, despite some worrying developments (such as EU’s filing a lawsuit against the UK for breaking BREXIT agreement; U.S. president contracting COVID-19, and oil prices falling to a four weeks low) in the course of the week.

In advanced markets, the U.S. DJIA, the S&P 500, and the NYSE Composite indices all gained 2.13%, 1.89%, and 1.52% w/w respectively, while the German DAX, the UK FTSE 100, and France CAC 40 all gained 1.76%, 1.02%, and 2.01% w/w respectively.

However, Japan Nikkei 225 lost 0.25% w/w amid depressed economic activities which had caused Japan’s GDP to contract in four of the last five quarters.

In emerging markets, Bullish sentiment prevailed in India, South Africa, Egypt, and Argentina this week, while China’s Shanghai Composite Index, Hong Kong HANG-SENG, and Brazil BOVESPA closed for the week in the red.