(Par Global Macro Monitor)
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We take a look at how a couple of the global equity markets we track are trading this week.
The Good: After hitting its lowest level since last July on Monday, the Brazilian BOVESPA has staged a nice 4-day rally and is up 2.4 percent for the week. Pretty impressive given how closely linked it is to China and how poor the Shanghai has been trading.
The Bad: The DAX, under pressure from the sovereign debt crisis in the periphery, is down 2.10 percent for the week.
The Ugly: China’s Shanghai Composite continues to trade very poorly closing at its lows and down 4.31 percent for the week. Keep this one on your radar.
