Πάντα Ρει – Panta Rhei
One of the most basic concepts in the thinking of Heraclitus of Ephesus was that a continuous change of everything is a fundamental element of the universe. It is the same with global markets performance. At present, we are in the all-important Q4, the quarter that will not only define the yearly performance but will also set the pace for next year. But how did we get here?
Let’s have a look firstly on Equities first:
The best improvement, maintaining at the same time a good performance (Q1: 7th, Q2: 3rd, Q3: 1st, October 16: 1st)
The most stable performer with a small improvement (Q1: 3rd, Q2: 2nd, Q3: 2nd, October 16: 2nd)
The most stable index but clearly also the worst performer (Q1: 16th, Q2: 16th, Q3: 16th, October 16: 16th)
The most erratic behaviour (Q1: 5th, Q2: 1st, Q3: 9th,October 16: 6th)
When it comes to the actual best vs worst performers for the year so far in Equities (perhaps predictably enough) we note that the Dublin ISEQ is in the lead (+20%) and the Athens GD is the worst performer (-17%)
The best performing index (Q1: 1st, Q2: 1st, Q3: 2nd, October 16: 1st)
Along with MERVAL, the most stable index (Q1: 2nd, Q2: 2nd, Q3: 1st, October 16: 2nd)
The index with the most obviously worsening performance (Q1: 4th, Q2: 16th, Q3: 16th, October 16: 16th)
The most erratic behaviour (Q1: 8th, Q2: 3rd, Q3: 11th, October 16: 10th)
When it comes to actual best vs worst performer for the year so far in Emerging Markets, Argentina’s MERVAL leads (+30%) and Indonesia’s IDX is the worst performer so far (-13%)
The best performer (Q1: 2nd, Q2: 1st, Q3: 1st, October 16: 1st)
The most erratic behaviour (Q1: 13th, Q2: 2nd, Q3: 10th, October 16: 7th)
The commodity with the biggest improvement (Q1: 15th, Q2: 14th, Q3: 6th, October 16: 4th)
The worst performing commodity (Q1: 16th, Q2: 16th, Q3: 16th, October 16: 16th)
When it comes to the actual best vs worst performer for the year so far in Commodities (as expected), Cotton #2 is the best performer (with only a 6% rise, which is indicative of the 2015 commodities performance) and Coffee “C” the worst (-25%).
Finally, when it comes to the three major world currencies, we have a very clear picture with the Euro, the US Dollar and Sterling being the most stable against the Swiss Franc and recording the best performance against the Yuan
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