First Minute – Lets look at the indices
1. Emerging Markets and Asia-ex-Japan index rose about 11% for the month alone. The Kopsi did well with 11.3% rise.
2. Year to date, Asia-ex-Japan and Emerging markets did well with an increase of 11.3% and 9.8% respectively.
3.Gold is the best performer of the year so far having appreciate 19.2% to a high of 1,309 at end of September. It reached US$1,364/oz on 8th Oct, which translate to an increase of nearly 25% Year to Date. It is also the more consistent and less volatile than equities in performing such a feat.
4. China, surprising did relatively badly for 2010, having rose a mere 1% for the HS Mainland 100 Index compared to its fellow emerging markets.
5. Developed economies like USA and Europe rose 1.4% and 2.8% YTD so far and Japan dropped a whopping 11.2%.
6. Oil prices remain stable, Baltic Dry fluctuates within a fair range, VIX indexs looks stable, US Consumers are not getting much confidence with their starting their purchasing plans as yet… Read more...