Monday, June 6, 2011

Market Brief (30 May - 3 June 2011)

During the week ending June 3, 2011, global stock markets under review delivered mixed performance. Rising U.S. jobless claims heightened concerns over the global economic slowdown. The impacts were, however, partly offset by the agreement between the EU/IMF/ECB over a new rescue package for Greece. US, Japanese and European stock prices declined farther with the exception of Greece and Spain. Emerging market countries including Brazil, China, and India rebounded marginally.

African stock markets under review also ended the week on a mixed note. South African stock prices retreated, largely driven by the decline in mining sector shares, and volatile commodity prices. The BRVM Composite index of the West African Regional Stock Exchange in Côte d’Ivoire fared well as the host country is set to recover from the postelection crisis.

Read the Brief