Sunday, July 31, 2022 – 4:01 PM
ABU DHABI, July 31 / WAM / Global stock markets reduced their losses recorded since the beginning of this year, thanks to the strong gains achieved during the month of July.
Global stock markets achieved strong gains during the trading month of July, as market data showed that US stocks achieved the largest monthly gains since 2020, while European stocks achieved the first monthly gains following four months of decline, and the European “Euro Stoxx 600” index recorded the best monthly performance since November 2020.
– American markets.
The American Wall Street Stock Exchange indices fell during the first seven months of this year, as the “Standard & Poor’s 500” index fell by 13.3%, or 635.9 points, to reach 4,130.29 points, compared to 4,766.18 points at its previous level at the end of last year.
The “Dow Jones” industrial index fell by 9.6%, losing 3493.2 points, to reach the level of 32845.13 points, compared to its previous level at 36338.3 points, while the “Nasdaq” index, which is dominated by technology shares, lost 3254.3 points, or 20.8%, to reach 12,390.69. points for 15,644.97 points.
European markets.
In European markets, the German “DAX” index has fallen since the beginning of this year by 15.1%, equivalent to 2400.8 points, to reach the level of 13,484 points, compared to its previous level of 15,884.86 points at the end of last year.
The European “Stoxx 600” index fell by 10.3%, equivalent to 10.3 points, to reach the level of 438.29 points, compared to 488.71 points, while the “Euro Stoxx 50” index fell by 13.9%, equivalent to 597.97 points, to close at 3708.1 points, compared to 4306.07 points at the end of 2021.
The British “FTSE 100” index succeeded in compensating all its losses, rising by 0.5%, equivalent to 38.89 points, to reach the level of 7,423.43 points, compared to its previous level at 7,384.54 points, while the French “CAC” index lost 704.53 points, or 9.85%, to 6448.5 points, following That was trading at 7,153.03 points at the end of last year.
– Asian markets.
In terms of Asian markets, the Japanese Nikkei index on the Tokyo Stock Exchange fell within 7 months by 3.4%, or 990.07 points, to close at 27801.64 points, while the broader Topix index fell by 2.6%, equivalent to 52.02 points, to reach 1940.31 points.
The “ESI” Composite Index on the Shanghai Stock Exchange fell by 386 points, or 10.6%, to close at 3,253.24 points, while the “Hang Seng” index closed down by 13.9%, equivalent to 3,241 points, to reach the level of 20156.51 points, while the Bombay Synx index declined by 13.9%, or 3,241 points. By regarding 683.57 points, or 1.2%, to reach 57,570.25 points.
Global markets recorded the worst performance in half a year during the first half of this year, as European stocks recorded the worst quarterly performance since their sharp decline during the “Covid-19” pandemic at the beginning of 2020, while the American Standard & Poor’s 500 index achieved the worst performance in more than one quarter. In the half century since 1970, the Dow has suffered its largest semi-annual loss since 1962.
WAM/ Rami Samih/ Emad Al Ali