Major Price Day Q3/19 Q4/19 Q1/20 Q2/20
Dow Jones 26,203 240.29 0.93% 25,693 25,360 25,030 24,704
S&P 500 2,924 23.92 0.82% 2,855 2,818 2,782 2,746
NASDAQ 100 7,733 68.75 0.90% 7,462 7,340 7,219 7,101
NASDAQ 8,020 71.65 0.90% 7,740 7,620 7,502 7,385
S&P MidCap 400 1,887 10.56 0.56% 1,862 1,836 1,811 1,787
US 600 928 7.50 0.81% 909 895 882 868
Russell 2000 1,510 11.84 0.79% 1,477 1,454 1,432 1,410
S&P VIX 15.86 1.64 -1.70% 17.49 15.69 14.08 12.64
US 100 10,635 90.62 0.86% 10,425 10,311 10,198 10,085
NIKKEI 225 20,619 58.65 -0.28% 20,305 20,004 19,709 19,417
FTSE 100 7,199 74.22 1.04% 7,141 7,069 6,998 6,927
FTSE All 3,947 42.09 1.08% 3,898 3,861 3,824 3,787
DAX 11,803 151.67 1.30% 11,599 11,454 11,309 11,166
CAC 40 5,435 90.84 1.70% 5,258 5,195 5,134 5,074
FTSE MIB 20,847 361.64 1.77% 20,253 19,972 19,695 19,419
IBEX 35 8,702 83.20 0.97% 8,718 8,625 8,532 8,441
Australian All 6,573 54.80 -0.83% 6,581 6,521 6,461 6,401
ASX 200 6,483 61.70 -0.94% 6,507 6,447 6,387 6,327
ASX 50 6,441 64.60 -0.99% 6,470 6,410 6,350 6,291
SHANGHAI 2,880 0.33 0.01% 2,744 2,694 2,646 2,598
CSI 300 3,782 5.97 -0.16% 3,593 3,521 3,451 3,383
SHANGHAI 50 2,869 6.43 -0.22% 2,728 2,675 2,623 2,572
SENSEX 37,121 207.42 -0.56% 36,406 35,997 35,596 35,195
MOEX 2,674 1.11 0.04% 2,672 2,643 2,615 2,587
TSX 16,297 84.08 0.52% 16,133 16,003 15,873 15,745
KOSPI 1,965 4.40 0.22% 1,900 1,878 1,856 1,835
iBovespa 101,068 1,845.53 1.86% 100,953 99,154 97,386 95,660
IPC Mexico 40,076 375.99 0.95% 39,858 39,300 38,750 38,209
AEX 550 5.19 0.95% 538 533 527 521
SMI 9,848 77.72 0.80% 9,532 9,433 9,335 9,238
JALSH-All Share 54,638 357.23 0.66% 54,513 53,812 53,116 52,431
FTSE/JSE TOP 40 48,837 291.38 0.60% 48,478 47,790 47,111 46,442
STI 3,123 13.38 -0.43% 3,133 3,102 3,071 3,041
Hang Seng 26,270 38.50 0.15% 25,709 25,326 24,950 24,577
PSI Geral 3,077 21.82 0.71% 3,027 2,998 2,969 2,940
NZX 50 10,709 94.52 -0.87% 10,789 10,706 10,622 10,539
Euronext 100 1,055 16.36 1.58% 1,018 1,006 995 984
Euro Stoxx 50 3,391 40.98 1.22% 3,304 3,267 3,230 3,193
NIFTY 50 10,933 83.80 -0.76% 10,765 10,642 10,521 10,402

America Price Day Q3/19 Q4/19 Q1/20 Q2/20
Dow Jones 26,203 240.29 0.93% 25,693 25,360 25,030 24,704
S&P 500 2,924 23.92 0.82% 2,855 2,818 2,782 2,746
NASDAQ 100 7,733 68.75 0.90% 7,462 7,340 7,219 7,101
NASDAQ 8,020 71.65 0.90% 7,740 7,620 7,502 7,385
S&P MidCap 400 1,887 10.56 0.56% 1,862 1,836 1,811 1,787
US 600 928 7.50 0.81% 909 895 882 868
Russell 2000 1,510 11.84 0.79% 1,477 1,454 1,432 1,410
S&P VIX 15.86 1.64 -1.70% 17.49 15.69 14.08 12.64
US 100 10,635 90.62 0.86% 10,425 10,311 10,198 10,085
Ecuador General Index 1,319 0.00 0.00% 1,314 1,307 1,300 1,293
TSX 16,297 84.08 0.52% 16,133 16,003 15,873 15,745
iBovespa 101,068 1,845.53 1.86% 100,953 99,154 97,386 95,660
IPC Mexico 40,076 375.99 0.95% 39,858 39,300 38,750 38,209
S&P/BVL Peru General Index TR (PEN) 19,088 24.18 -0.13% 19,440 19,277 19,114 18,954
Merval 27,978 747.12 2.74% 39,700 38,488 37,317 36,179
IBC 44,677 121.13 0.27% 13,965 5,315 2,025 770
COLCAP 1,542 6.90 -0.45% 1,496 1,480 1,464 1,447
IGPA 24,287 21.18 0.09% 24,265 24,080 23,894 23,710
BVPSI 453 1.14 -0.25% 450 448 447 445
BSX 1,918 0.45 0.02% 1,877 1,822 1,770 1,719
JSE 527,288 92.60 0.02% 520,724 514,344 508,018 501,744

Europe Price Day Q3/19 Q4/19 Q1/20 Q2/20
FTSE 100 7,199 74.22 1.04% 7,141 7,069 6,998 6,927
FTSE All 3,947 42.09 1.08% 3,898 3,861 3,824 3,787
DAX 11,803 151.67 1.30% 11,599 11,454 11,309 11,166
CAC 40 5,435 90.84 1.70% 5,258 5,195 5,134 5,074
FTSE MIB 20,847 361.64 1.77% 20,253 19,972 19,695 19,419
IBEX 35 8,702 83.20 0.97% 8,718 8,625 8,532 8,441
MOEX 2,674 1.11 0.04% 2,672 2,643 2,615 2,587
AEX 550 5.19 0.95% 538 533 527 521
BIST 100 95,490 542.17 -0.56% 96,530 94,770 93,049 91,358
SMI 9,848 77.72 0.80% 9,532 9,433 9,335 9,238
OMXS 30 1,543 9.13 0.60% 1,525 1,506 1,488 1,469
WIG 56,122 82.77 -0.15% 55,968 55,317 54,677 54,043
WIG 20 2,106 4.23 -0.20% 2,124 2,095 2,066 2,037
Euronext BEL 20 3,525 37.08 1.06% 3,483 3,440 3,398 3,357
Oslo Bors All-Share 937 7.98 0.86% 909 898 887 875
ATX 2,944 57.86 2.01% 2,860 2,823 2,785 2,748
OMX Copenhagen 1,035 16.57 1.63% 988 976 963 951
OMX Helsinki 9,075 84.86 0.94% 8,993 8,885 8,779 8,674
OMX Helsinki 25 3,848 41.94 1.10% 3,803 3,753 3,705 3,656
ISEQ 5,795 101.84 1.79% 5,742 5,668 5,596 5,524
Athens General 833 2.98 0.36% 834 820 806 792
PSI Geral 3,077 21.82 0.71% 3,027 2,998 2,969 2,940
PSI 20 4,853 32.24 0.67% 4,789 4,738 4,687 4,638
PX 1,038 4.24 0.41% 1,007 999 990 982
BET 9,144 84.06 0.93% 8,961 8,808 8,658 8,509
BUX 39,648 357.69 -0.89% 39,965 39,520 39,084 38,648
PFTS 537 0.30 0.06% 529 523 517 511
SAX 344 0.76 0.22% 338 334 330 326
LuxX 1,205 1.92 -0.16% 1,179 1,158 1,137 1,117
CROBEX 1,881 5.51 0.29% 1,889 1,878 1,867 1,857
SOFIX 580 3.91 0.68% 575 570 566 562
SBITOP 863 3.32 -0.38% 855 849 843 837
OMX Vilnius 690 2.19 -0.32% 687 684 680 676
BELEX 15 753 0.38 0.05% 734 727 720 714
MSE 4,744 43.09 -0.90% 4,828 4,798 4,768 4,739
CSE General 70 0.16 0.23% 69 68 68 67
OMX Riga 1,030 7.06 -0.68% 1,018 1,004 991 977
SASX-10 804 1.81 0.23% 736 728 719 711
MBI 10 4,000 25.17 0.63% 3,894 3,859 3,824 3,790
Euronext 100 1,055 16.36 1.58% 1,018 1,006 995 984
ICEX 1,414 3.41 -0.24% 1,439 1,423 1,407 1,391
Euro Stoxx 50 3,391 40.98 1.22% 3,304 3,267 3,230 3,193
OMX Tallinn 1,251 7.10 -0.56% 1,262 1,254 1,246 1,239
MONEX INDEX 10,871.29 30.31 -0.28% 11,044.05 10,966.19 10,889.45 10,813.82

Asia Price Day Q3/19 Q4/19 Q1/20 Q2/20
NIKKEI 225 20,619 58.65 -0.28% 20,305 20,004 19,709 19,417
SHANGHAI 2,880 0.33 0.01% 2,744 2,694 2,646 2,598
CSI 300 3,782 5.97 -0.16% 3,593 3,521 3,451 3,383
SHANGHAI 50 2,869 6.43 -0.22% 2,728 2,675 2,623 2,572
SENSEX 37,121 207.42 -0.56% 36,406 35,997 35,596 35,195
KOSPI 1,965 4.40 0.22% 1,900 1,878 1,856 1,835
DSE Broad 5,223 4.08 -0.08% 5,141 5,095 5,049 5,004
JCI 6,253 42.77 -0.68% 6,195 6,125 6,057 5,989
TASI 8,509 80.82 -0.94% 8,374 8,266 8,159 8,054
TAIEX 10,526 3.30 0.03% 10,369 10,243 10,119 9,997
ADX General 5,041 28.18 -0.56% 4,900 4,900 4,800 4,700
SET 50 1,080 10.23 0.96% 1,089 1,079 1,068 1,058
FKLCI 1,595 8.16 -0.51% 1,603 1,591 1,580 1,568
STI 3,123 13.38 -0.43% 3,133 3,102 3,071 3,041
TA-100 1,499 9.14 0.61% 1,483 1,467 1,451 1,435
Hang Seng 26,270 38.50 0.15% 25,709 25,326 24,950 24,577
PSEi 7,887 51.44 -0.65% 7,807 7,700 7,596 7,492
KSE 100 30,973 553.53 1.82% 29,078 28,659 28,246 27,839
KASE 2,141 12.58 -0.58% 2,205 2,184 2,164 2,143
QE 9,940 45.48 0.46% 9,794 9,691 9,589 9,489
HNX 103 0.03 0.03% 102 100 99 98
VN 994 9.71 0.99% 964 952 941 930
MSM TOP 30 3,929 39.00 1.00% 3,815 3,791 3,768 3,744
ASPI 5,908 4.72 -0.08% 5,864 5,820 5,775 5,731
Blom 806 4.45 -0.55% 802 795 788 781
ASE 1,838 5.46 -0.30% 1,851 1,839 1,827 1,816
DFM general 2,791 1.85 0.07% 2,799 2,766 2,733 2,701
LSX Composite 764 7.05 0.93% 757 747 738 728
MSE TOP 20 19,529 213.70 -1.08% 20,116 19,897 19,681 19,465
All-Share Index 6,003.77 25.68 -0.43% 6,073.78 6,032.81 5,992.46 5,952.71
Nikkei Volatility Index 18.14 2.29 -11.21% 21.03 19.23 17.59 16.09
NIFTY 50 10,933 83.80 -0.76% 10,765 10,642 10,521 10,402
Estirad 1,532.21 2.48 -0.16% 1,536.18 1,528.15 1,520.27 1,512.40

Australia Price Day Q3/19 Q4/19 Q1/20 Q2/20
Australian All 6,573 54.80 -0.83% 6,581 6,521 6,461 6,401
ASX 200 6,483 61.70 -0.94% 6,507 6,447 6,387 6,327
ASX 50 6,441 64.60 -0.99% 6,470 6,410 6,350 6,291
NZX 50 10,709 94.52 -0.87% 10,789 10,706 10,622 10,539

Africa Price Day Q3/19 Q4/19 Q1/20 Q2/20
NSE-All Share 27,353 294.32 1.09% 27,078 26,746 26,420 26,099
FTSE/JSE TOP 40 48,837 291.38 0.60% 48,478 47,790 47,111 46,442
JALSH-All Share 54,638 357.23 0.66% 54,513 53,812 53,116 52,431
Egypt EGX 30 14,357 70.90 -0.49% 13,683 13,489 13,297 13,108
Casablanca CFG 25 11,552 65.69 -0.57% 11,467 11,386 11,307 11,228
Nairobi 20 2,501 17.12 -0.68% 2,524 2,503 2,482 2,461
NSE All Share 151 0.78 -0.51% 145 143 142 140
DSEI 1,945 9.83 0.51% 1,929 1,910 1,890 1,871
TUN 7,175 5.37 0.07% 7,153 7,102 7,052 7,001
GGSECI 2,257 1.26 0.06% 2,262 2,241 2,220 2,200
Gaborone -7,536 15,068.22 -200.06% 7,529 7,495 7,461 7,426
NSX Overall 1,195 9.75 0.82% 1,195 1,177 1,160 1,142
SEMDEX 2,171 3.66 0.17% 2,158 2,151 2,143 2,136
Zimbabwe Industrial Index 592.47 3.40 -0.57% 585.41 565.34 545.94 527.21

TRADING ECONOMICS expects stock markets to fall further and more rapidly than most investors anticipate on speculation that economic growth will be hurt by an ugly trade war between the United States and China. In addition, geopolitical tensions between Saudi Arabia and Iran, Pakistan and India, Russia and the European Union are likely to take center stage hurting investors appetite for risky assets even further. That said, there are short-term upside risks for this forecast as the addition of monetary liquidity into the financial system by central banks may make it cheaper for companies to borrow and investors to take loans to leverage their stock portfolios thus boosting stocks. TRADING ECONOMICS provides forecasts for major stock market indexes and shares based on its analysts expectations and proprietary global macro models. The current forecasts were last revised on August 8 of 2019. Please consider that while TRADING ECONOMICS forecasts are made using our best efforts, they are not investment recommendations.