Brazil, New Zealand, India best-performing markets under Trump rule

Brazil, and India were the best-performing globally under the presidency. The Brazil’s Bovespa has surged 87 per cent followed by New Zealand’s NZX 50 and India’s Sensex nearly 85 per cent each since Trump’s inauguration on January 20, 2017. All the returns are in local currency terms.

Meanwhile, the Spanish and the British are the worst performers in the last four years. Spain’s Ibex 35 has declined 12.6 per cent, while the FTSE 100 is down nearly 7 per cent. Malaysia, Thailand, Mexico, Philippines and Singapore are the only other major to see negative returns during the Trump rule.

The MSCI All-Country World Index, a gauge for the performance of the world markets, rose 53 per cent during the Trump era. Trump’s trade war with China and protectionist policies often caused turbulence in global equites. World equites are in buoyant mood ahead of the inauguration of Joe Biden as the 46th US President on hopes of a big stimulus package to shore up the economy battered by the Covid-19 pandemic.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link