Highlights from December 2018

December was very volatile for the markets and 2018 turned out to be the worst year for the markets since the financial crisis of 2008. Globally, equity markets were down everywhere other than some exceptions like in India, the UAE and New Zealand.

All major U.S. indexes ended down for the year. The S&P 500 ended down 6.2% for the year, the Dow Jones Industrial Average down 5.6% for the year and the Nasdaq Composite down 3.9% for the year.

In Europe, the U.K.’s FTSE index was down 12% during the year. Germany’s DAX was down 18% during the year and France’s CAC down 11% during the year.

Asia was largely down during the year with Hong Kong’s Hang Seng index down 13.6% during the year. Japan’s Nikkei 225 Index was down 12% for the year and Australia’s benchmark index ended down 6.9% for the year. China’s Shanghai composite was down 24.7% for year. India was an exception with the benchmark indexes up around 6%.

Markets

The U.S. equity market meltdown in numbers

Red everywhere – Here’s how Equity, Commodity and Bond Markets have performed over the past year

Almost every major Wall Street strategist has been way off with their target for the S&P 500 for 2018 yet their 2019 targets are mostly bullish again

 

Interest Rates

Here are interest rates for every country and how much they changed in 2018

Sweden’s first interest rate hike in seven years would put pressure on the European Central Bank to act

 

Economy

Are bad loans really increasing for banks in the United States?

The yield curve inversion plus why banks and banking stocks are impacted by it

Those three U.S. recession indicators – how near or far are those from being invoked? End of 2018 edition

 

Missing Fiscal Prudence

The U.S. Government is now spending $1.24 for every $1 in income

EU and Eurozone Tax to GDP ratio at highest ever level

The UK just changed the way they account for student loans which means the UK will likely have a fiscal deficit at least until the 2040s

European Union Statistics for Total Debt to GDP, Banking Non-Performing Loans and Loan to Deposit Ratio

Here’s how much European Union Member states spend on social protection as percentage of GDP

The current U.S. fiscal situation in graphs

 

Other Things

Is Deutsche Bank really the next Lehman Brothers?

Some aviation statistics for the European Union

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