Political stock markets cnn money

Political stock markets cnn money

Author: anisimova Date: 19.07.2017

The Dow Jones industrial average was a standout performer, shooting up It's denominated in rubles.

Global investors rushed into Russia following the U. Russia is also heavily reliant on oil revenue , and it's benefited from the recent surge in oil prices. The election of President Mauricio Macri in late was a turning point for Argentina.

political stock markets cnn money

Investors hope he'll revive the country's stagnant economy after the previous government left the nation's finances in tatters. His government lifted currency controls, ended a year battle with U.

Brazil's Bovespa index hit a low in January that hadn't been seen since the global financial crisis. Brazil's main exports -- iron ore , oil and soy beans -- also saw major price increases over the course of the year. Like many global stock markets, the TSX Composite index in Toronto rallied from a January low and benefited from the so-called Trump bump. Canadian equity strategist Matthew Barasch from RBC Dominion Securities said in November that "the sum total of President-elect Trump's policy proposals would be positive for Canada and Canadian stocks, at least for a time.

He predicted that Trump's pro-oil policies would be a major boost for the energy exporter. Oslo's All-Share index has been on a steady climb since the financial crisis, though it experienced a major pullback in early as oil prices crashed. Norway's economy and markets are heavily reliant on oil, so the fact that crude prices have more than doubled from their February lows has helped energy stocks surge. Indonesia's largest publicly traded firms saw their shares rise this year, with most posting double-digit percentage increases.

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The country's growing economy is powered predominantly by consumer spending, which means it's relatively insulated from a further slowdown in global trade. The International Monetary Fund predicts economic growth of 5. London's benchmark FTSE index defied expectations and hit an all time high this year after Britain voted to leave the European Union.

The vote for Brexit caused the currency to drop to a year low against the U. The Bank of England's move to support the economy, combined with better-than-expected economic data , has also helped the stock market, said Aslam. These currencies got crushed in While most global stock markets rallied, a handful closed the year with deep losses: Italy and China were the biggest losers by far. Start your day right with the latest news driving global markets, from major stock movers and key economic headlines to important events on the calendar.

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