When compared with 2 July 2007 before the Global Financial Crisis (GFC) hit, Dow Jones Industrial Average (DJIA) as at 31 October 2013 surpassed the index back then. This was an increase of 14.8%.
What about other key indices comparing 2 July 2007 against 31 October 2013?
|2 Jul 2007||31 Oct 2013||Change
|Sensex – Mumbai||14,664||21,164||+ 44.3|
|Dow Jones Ind Avg||13,535||15,545||+ 14.8|
|Hang Seng Index||22,151||23,206||+ 4.7|
|London FTSE||6,590||6,731||+ 2.1|
|Aust All Ord||6,298||5.420||– 13.9|
|Nikkei Index||18,146||14,327||– 21.0|
|Shanghai Composite||3,836||2.141||– 44.1|
India, USA, Hong Kong and UK had positive performances. Singapore, Australia, Japan and China have yet to reach the peaks on 2 July 2007. There are rooms for future increases in the indices for these countries.
The next table looks at this year’s year-to-date performances and the GDP growth forecasts for this year. (Source of GDP numbers: World Economic Outlook Report October 2013 by IMF)
|31 Dec 2012||31 Oct 2013||Change
|GDP Forecast for 2013|
|Nikkei Index||10,395||14,327||+ 37.8||1.95 %|
|Dow Jones Ind Avg||13,104||15,545||+ 18.6||1.56 %|
|Aust All Ord||4,664||5.420||+ 16.2||2.47 %|
|London FTSE||5,897||6,731||+ 14.1||1.43 %|
|Sensex – Mumbai||19,426||21,164||+ 8.9||3.79 %|
|Hang Seng Index||22,656||23,206||+ 2.4||2.97 %|
|STI||3,167||3,210||+ 1.3||3.54 %|
|Shanghai Composite||2,269||2.141||– 5.6||7.60 %|
Nikkei, DJIA, Australia All Ordinary and London FTSE were running up very well in that order. Sensex was up 8.9% so far.
Hang Seng and STI moved up slightly in comparison with the rest. There is room to rise? Their GDP growth forecast are still positive but not great compared to past performances.
China’s Shanghai Composite was the only index in the negative territory. This despite that her GDP is forecast to grow at 7.6% for the year. Investors seem not keen on China stock market at this present moment.
With two more months to go till end of 2013, how would the indices be like at the end?
Copyright © 2013, limkimtong for Living Investment
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