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Global equity markets rebound
By Liam Egan
Developed country equity markets posted a 5.15 per cent gain in April after losing 8.95 per cent in March while emerging markets climbed 7.49 per cent (following a 5.11 per cent loss), according to Standard & Poor’s.
Its latest monthly global stock market review, The World by Numbers, attributed the developed market rebound in April partially to higher returns by Japan (6.61 per cent) and UK (5.85 per cent).
Only two of the 26 developed markets were not up in April, with slight losses posted by both Finland (-1.34 per cent) and Denmark (-0.21 per cent).
In turn, the emerging markets gain in April was supported by double digit gains for both China (15.10 per cent after declining 12.36 per cent in March) and India (11.49 per cent after posting a 12.35 per cent decline).
Senior index analyst Howard Silverblatt said global equity markets reversed direction in April on the hope and belief that the world, and the US, is near the bottom of the problems facing the credit market.
All 10 sectors posted gains in April, an event not seen since October 2007, when many markets posted record high equity values.
9 May 2008
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