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Mixed fortunes for global equity markets in June

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Following three months of consecutive gains, global equity markets declined 0.58 per cent in June, according to Standard & Poor’s Index Services’ monthly global stock market review.

Following three months of consecutive gains, global equity markets declined 0.58 per cent in June, according to Standard & Poor’s Index Services’ monthly global stock market review. 

The year-to-date gain of 9.03 per cent is in stark contrast to the one-year decline of 30.79 per cent as all sectors continued to react to global economic events.

‘Despite a strong second quarter in which all ten sectors posted double digit returns, June proved a mixed bag for equity markets,’ says Howard Silverblatt, senior index analyst at Standard & Poor’s and author of the report. ‘Five sectors generated positive returns whilst an equal number posted a decrease. Healthcare and information technology continued to fare well, but the energy and materials sector losses dragged the market down and contributed strongly to the decline across the month."

Emerging markets continued to decline in June, posting a -1.45 per cent return for the month. Within the group, Asian countries continued to shine as Thailand lead the sector with a +8.56 per cent return in June. The BRIC nations remained lacklustre, with only China managing an increase of +3.48 per cent.

Developed markets fared slightly better with a decline of 0.47 per cent, thanks in large part to strong performances by Australia (+31.61 per cent), Spain (+3.13 per cent) and Japan (+2.56 per cent).

In June, the best performing sectors were healthcare and IT with 2.63 per cent and 2.14 per cent increase respectively. Energy was the laggard with a 5.62 per cent decline across the month.

When examining long term trends, there was a marked revival in financials during the second quarter with a substantial increase of 35.72 per cent.

Leading the field on year-to-date returns was IT with a +24.98 per cent return.

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