by Bespoke Investment Management
Below is an updated look at the year-to-date performance of 77 country stock markets around the world. After the pullback we've seen over the past few weeks, the average country is now up just 3.55% in 2013. A total of 49 countries remain in the green for the year, while 28 are in the red. As shown, Dubai and Abu Dhabi lead the way with gains of 45.49% and 38.07%, respectively.
Japan is still up the most of the G7 countries at 27.27%, but keep in mind that this doesn't take into account the fall in the Yen. In dollar terms, Japan is up 13%. The US is up the second most of the G7 countries with a gain of 11%, and then there is a big drop-off. The UK is up the 3rd most at 3.7%, followed by Germany (+2.32%) and France (0.47%). Canada and Italy are now down on the year.
Obviously some of the emerging markets have been getting crushed lately, especially the BRICs. As shown, Russia is now down 18%, while Brazil is down 22%. Let's see if they finally get a bounce next week.
Copyright © Bespoke Investment Management
