Societe Generale Global Quantitative Research analyst Andrew Lapthorne provides us with an overview of the global equity markets. We take a look at the best and worst performers across selected parameters detailed in this report.

Global equity markets overview

(Figures in parenthesis indicate negative values)

ItemDetailBestWorst
World MarketAbsolute Performance % YTDJapan 35.4%Emerging Markets (4.5%)
Emerging MarketsAbsolute Performance % YTDEM Asia (1.5%)EM Latin America (11.5%)
Global SectorsAbsolute Performance % YTDHealthcare 23.3%Basic Matls (9.9%)
Sectoral Performance YTDOil & GasBD 71.2%KO (14.2%)
Sectoral Performance YTDBasic MaterialsJP 30.2%CN (29.5%)
Sectoral Performance YTDIndustrialsJP 30.2%RS (94.3%)
Sectoral Performance YTDConsumer GoodsJP 41.6%KO (4.3%)
Sectoral Performance YTDHealth CareCN 89.4%KO (15.8%)
Sectoral Performance YTDConsumer ServicesIT 40.3%CH (24.6%)
Sectoral Performance YTDTelecomJP 60.9%IT (8.4%)
Sectoral Performance YTDUtilitiesFR 37.1%RS (40.6%)
Sectoral Performance YTDFinancialsJP 38.0%IN (23.4%)
Sectoral Performance YTDTechnologyHK 52.3%BR (10.4%)
Global PE Ratio Aggregates2014eBRIC 8.2Pacific ex-Japan 13.6
Global Regional Earnings Growth2014eEurope ex. UK 16.1%BRIC 8.1%
Global Regional Price/Book Value2014eBRIC 1.1Europe 1.5
World Indices CorrelationMSCI World U$S&P 500 Composite 0.97TOPIX Mothers 0.32

Notes for global equity markets:

1. World Market: In the table above Japan puts up the best YTD show of 35.4%, yet its performance over 3 months is the worst at (-0.6%) primarily because of the impact of the imposition of additional sales tax by the Japanese government.

2. Emerging Markets: Of the emerging market indices, the Brazilian Bovespa index was the worst off YTD (-13.3%) while the South African (FTSE/JSE All Shares) index performed the best (+11.9%).

3. Global Sectors: Basic Materials (-9.9%) was down chiefly because of the poor performance of sub-sectors Mining (-27.5%), and Industrial Metals & Mining (-12.5%).

4. Mining was down in CH (-34.8%), IN (-29.8%), CN (-41.3%) and US (-27.5%) YTD.

5. Metals and Mining was down in the UK (-46.2%), FR (-27.5%), IN (-22.4%) and CN (-18.3%) YTD.

6. Sectoral Performance YTD (Financials): The striking underperformance out of India straddles all its sub-sectors – the red ink here is way beyond that seen in any other country.