Euro/US Indexes 2007 & YTD

We have seen that most indexes in Asia dropped by around 40% and Australia/NZ to be around 31%. China and Vietnam dropped by as much as 70% from their respective 2007 peak to YTD low.

Lets look into the Euro and US market.

USA - Dow Jones Industrial Average
14,280 to 10,267 (Dropped 28.1%)
USA - S&P 500 Index
1,576 to 1,106 (Dropped 29.8%)
USA - Nasdaq Composite
2,861 to 1,975 (Dropped 31.0%)
Canada - S&P/TSX Composite index
14,625 to 10,900 (Dropped 25.5%)

UK - FTSE 100
6,752 to 4,671 (Dropped 30.8%)
Germany DAX Index
8,118 to 5,630 (Dropped 30.6%)
France - CAC 40 Index
6,168 to 3,845 (Dropped 37.7%)
Switzerland - Swiss Market Index
9,487 to 6,343 (Dropped 33.1%)
Spain - IBEX 35 Index
16,040 to 10,639 (Dropped 33.7%)
Italy - Milan MIB 30 Index
44,324 to 25,690 (Dropped 42.0%)
Netherlands - AEX Index
563 to 310 (Dropped 44.9%)
Sweden - OMX Stockholm 30 Index
1,321 to 758 (Dropped 42.6%)

* The US market peaked in Oct 07 while most Euro Indexes peaked in July 07. The US Indexes dropped by around 30% from their 07 peak. They dropped the least despite all the bad news originated from the country.
* The interesting part of North America is the Canadian index which only started to drop in Jul08 from a high of 15,155. I suspect that the index contains many commodity stocks.
* The more developed market in Europe dropped by around 32% with exception of France which dropped over 37%. The smaller economies in Europe such as Netherlands and Sweden dropped around 44%.

Till here for the moment. I'll explore into Middle East, Latin America and East Europe in my next posting. Wish all of you a nice weekend...