Global markets turned sharply higher in A
pril, buoyed by stronger than expected earnings and a perceived belief that the US internationals have started to realize gains from their global operations. M&A continued with premiums growing & starting to impact potential target issues. 26 of the 27 developed markets posted gains in April, with an average gain being 6.61%; Japan, again, was the lone decliner, down 1.93% (off 1.31% last month). For the 3-month period, Japan (-0.72%) and Spain (-0.37%) were the only decliners, with the average gain being 7.03%. For the 12-month period, Japan posted the lone decline (-4.32%) with the other 26 markets averaging 32.40%. Emerging markets were equally positive with 22 of the 25 groups posting gains, averaging 7.68%; Jordan (-1.63%), Russia (-2.43%) and Taiwan (-1.07%) were the losers.
For Complete IIPM Article, Click on IIPM Article
pril, buoyed by stronger than expected earnings and a perceived belief that the US internationals have started to realize gains from their global operations. M&A continued with premiums growing & starting to impact potential target issues. 26 of the 27 developed markets posted gains in April, with an average gain being 6.61%; Japan, again, was the lone decliner, down 1.93% (off 1.31% last month). For the 3-month period, Japan (-0.72%) and Spain (-0.37%) were the only decliners, with the average gain being 7.03%. For the 12-month period, Japan posted the lone decline (-4.32%) with the other 26 markets averaging 32.40%. Emerging markets were equally positive with 22 of the 25 groups posting gains, averaging 7.68%; Jordan (-1.63%), Russia (-2.43%) and Taiwan (-1.07%) were the losers.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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