As a leading indicator of the evolution of the economy, stockmarkets point again towards the continuity of the world economic expansion. The MSCI global index, which regroups developed and emerging economies, is still up since the trough (172.70) of early March 2009. There were short periods of decrease, like recently after the catastrophes in Japan, but the trend stays upward. But, on April the first (last Friday), the index, at 345.66, is still well below its record level (423.26) of October 2007. When separating developed and emerging countries, the respective MSCI indices both follow the same trend as the global one. It will be interesting to see how the stockmarkets will react in the coming weeks to the new round of announcements of companies quarterly financial results.
To check on the evolution of the MSCI indices go to : http://www.bloomberg.com/
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