Roundup: ups and downs of Brazil stock market in 2008
In 2008, Brazil stock market which continues its increase for five years came to a standstill because of the global financial turmoil, the Sao Paulo Stock Exchange’s main stock index ibovespa index finally closed to 37550.31 points, the cumulative decline was 41.22% in the whole year and created the biggest decline since 1972.
According to Bloomberg News data, until December 25, 2008, the total market value in Brazil stock market reduced 835 billion U.S. dollars compared with the same period last year, whereas the decline reached 59.7 percent.
Prospect in 2009, analysts generally agreed that Brazil’s stock market performance will depend on the United States, Europe and Japan, economic recession and the extension of the time, it is expected to be greater volatility in the first half next year.
In foreign exchange market of New York, the U.S. dollar against most major currencies in the West fell
As the Federal Reserve has reduced the benchmark interest rates close to zero level and in view of recent U.S. economic reports released and during the holidays the weak performance of the retail industry, it was showed that the U.S. economic outlook remained bleak, and the market demand for the dollar was declining. In addition, since this summer U.S. dollar rose sharply driven by the U.S. hedge sentiment, so investors for profit-taking in the end and the dollar under pressure.
In the stock market of New York, the three major stock indexes down
Xinhua in New York, on Dec. 29th (Reporter Yang Liu) the termination of Kuwait to set up a joint venture with Dow Chemical Company as a news, put pressure on the market and offset the positive impact of the rise of energy stocks. On 29th, in New York, the three major stock market’ indexes were lower. On the day the New York Stock Exchange was light. Kuwait decided to cancel the establishment with Dow Chemical of petrochemical joint venture. Dow Chemical shares fell 19%.
The majority of the executives of listed companies in Sweden are optimistic about the stock market in 2009
According to Sweden “industry day,” from November to December in Sweden 100 listed companies were conducted a sample survey towards the presidents, in which 58 percent of the respondents were optimistic about the stock market next year; half of them expected, Stockholm stock market index next year would be with increase of up to 10-20 percent; 22% of them are more optimistic that the stock market next year would increase more than 20%.
Malpractice and advice of QDII fund
QDII is a good variety of configurations. Through QDII, we have a bridge to the world market, to share with the world’s economic development. At present, but in fact the QDII fund has not had the effect of global configuration, now on the market a total of 9 QDII fund, set up to remove less than half of global cross-Yin, the schedule for the remaining 8 QDII asset allocation of the situation.
Debt and stock marksts’ performance to be suppressed as well as the funds
This week showed the overall market down as trend. As the market continued to push forward high, its efforts to rebound are challenged increasingly. In the macroeconomic outlook with full of clouds against the background, momentum of the market is very weak. And the market expected at the end of year gradually was drawing to an end this week, and also suppressed the financing which continued to do more on-site power.
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