Only two global indices see uptick since the start of Covid-19
Just two global indices have seen positive movement since the start of the Covid-19 pandemic, with the rest all in negative territory since the end of last year, new research has found.
Peer-to-peer lending platform Sourced Capital has revealed that the 19 global indices have seen their values dip by an average of 10 per cent since November 2019.
Only two have kept their head above water, the Argentinian Merval index, which has seen growth of 14 per cent over the past six months, and the NASDAQ 100, which has seen a 12 per cent uplift.
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The worst performing to date is the Spanish IBEX 35, with a fall of 23 per cent over the past six months, followed by the Italian FTSE MIB with a decline of 21 per cent.
The Brazilian BOVESPA and French CAC 40 indices have also seen a drop of 20 per cent.
With a decline of 16 per cent, the UK’s FTSE 100 also sits in the bottom half of the table, joined by the S&P ASX20, BEL 20, RTS and Hang Seng.
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“The spread of the coronavirus continues to have a different degree of impact across each nation and this is no different when it comes to the financial markets,” Stephen Moss, managing director of Sourced Capital.
“It certainly looks as though nations, such as Spain, Italy and Brazil, who have found themselves suffering to the greatest extent have also seen the biggest knock-on effect within their respective global indices and growth during the pandemic.
“The USA certainly seems to be the exception at present, particularly with the additional problems the country is facing, but along with Argentina it is the only nation to remain in positive waters for index growth.”
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