Major Price Day Q3/19 Q4/19 Q1/20 Q2/20
Dow Jones 26,209 6.77 0.03% 25,693 25,360 25,030 24,704
S&P 500 2,926 1.73 0.06% 2,855 2,818 2,782 2,746
NASDAQ 100 7,727 5.53 -0.07% 7,462 7,340 7,219 7,101
NASDAQ 8,020 0.00 0.00% 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 7.25 0.79% 909 895 882 868
Russell 2000 1,510 0.00 0.00% 1,477 1,454 1,432 1,410
S&P VIX 16.24 0.44 0.44% 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 20,628 25.09 0.12% 20,305 20,004 19,709 19,417
FTSE 100 7,157 46.04 -0.64% 7,141 7,069 6,998 6,927
FTSE All 3,926 20.92 -0.53% 3,898 3,861 3,824 3,787
DAX 11,804 2.89 0.02% 11,599 11,454 11,309 11,166
CAC 40 5,416 18.25 -0.34% 5,258 5,195 5,134 5,074
FTSE MIB 20,919 71.95 0.35% 20,253 19,972 19,695 19,419
IBEX 35 8,742 43.87 0.50% 8,718 8,625 8,532 8,441
Australian All 6,593 20.40 0.31% 6,581 6,521 6,461 6,401
ASX 200 6,502 18.50 0.29% 6,507 6,447 6,387 6,327
ASX 50 6,460 19.30 0.30% 6,470 6,410 6,350 6,291
SHANGHAI 50 2,878 8.79 0.31% 2,728 2,675 2,623 2,572
SHANGHAI 2,883 3.11 0.11% 2,744 2,694 2,646 2,598
CSI 300 3,794 11.75 0.31% 3,593 3,521 3,451 3,383
SENSEX 36,455 605.80 -1.63% 36,406 35,997 35,596 35,195
MOEX 2,670 3.82 -0.14% 2,672 2,643 2,615 2,587
TSX 16,309 95.92 0.59% 16,133 16,003 15,873 15,745
KOSPI 1,951 13.64 -0.69% 1,900 1,878 1,856 1,835
iBovespa 101,202 1,979.65 2.00% 100,953 99,154 97,386 95,660
IPC Mexico 40,114 37.99 0.09% 39,858 39,300 38,750 38,209
AEX 549 1.80 -0.33% 538 533 527 521
SMI 9,808 40.13 -0.41% 9,532 9,433 9,335 9,238
FTSE/JSE TOP 40 48,467 369.95 -0.76% 48,478 47,790 47,111 46,442
JALSH-All Share 54,219 418.69 -0.77% 54,513 53,812 53,116 52,431
STI 3,128 5.17 0.17% 3,133 3,102 3,071 3,041
Hang Seng 26,049 221.32 -0.84% 25,709 25,326 24,950 24,577
PSI Geral 3,073 4.12 -0.13% 3,027 2,998 2,969 2,940
NZX 50 10,725 15.90 0.15% 10,789 10,706 10,622 10,539
Euro Stoxx 50 3,389 4.52 -0.13% 3,304 3,267 3,230 3,193
Euronext 100 1,051 4.11 -0.39% 1,018 1,006 995 984
NIFTY 50 10,793 126.10 -1.15% 10,765 10,642 10,521 10,402

America Price Day Q3/19 Q4/19 Q1/20 Q2/20
Dow Jones 26,209 6.77 0.03% 25,693 25,360 25,030 24,704
S&P 500 2,926 1.73 0.06% 2,855 2,818 2,782 2,746
NASDAQ 100 7,727 5.53 -0.07% 7,462 7,340 7,219 7,101
NASDAQ 8,020 0.00 0.00% 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 7.25 0.79% 909 895 882 868
Russell 2000 1,510 0.00 0.00% 1,477 1,454 1,432 1,410
S&P VIX 16.24 0.44 0.44% 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 1,328 7.67 0.58% 1,314 1,307 1,300 1,293
TSX 16,309 95.92 0.59% 16,133 16,003 15,873 15,745
iBovespa 101,202 1,979.65 2.00% 100,953 99,154 97,386 95,660
IPC Mexico 40,114 37.99 0.09% 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 0.02 0.00% 450 448 447 445
JSE 524,450 2,837.95 -0.54% 520,724 514,344 508,018 501,744
BSX 1,918 0.45 0.02% 1,877 1,822 1,770 1,719

Europe Price Day Q3/19 Q4/19 Q1/20 Q2/20
FTSE 100 7,157 46.04 -0.64% 7,141 7,069 6,998 6,927
FTSE All 3,926 20.92 -0.53% 3,898 3,861 3,824 3,787
DAX 11,804 2.89 0.02% 11,599 11,454 11,309 11,166
CAC 40 5,416 18.25 -0.34% 5,258 5,195 5,134 5,074
FTSE MIB 20,919 71.95 0.35% 20,253 19,972 19,695 19,419
IBEX 35 8,742 43.87 0.50% 8,718 8,625 8,532 8,441
MOEX 2,670 3.82 -0.14% 2,672 2,643 2,615 2,587
AEX 549 1.80 -0.33% 538 533 527 521
BIST 100 94,618 903.80 -0.95% 96,530 94,770 93,049 91,358
SMI 9,808 40.13 -0.41% 9,532 9,433 9,335 9,238
OMXS 30 1,541 2.30 -0.15% 1,525 1,506 1,488 1,469
WIG 56,218 96.06 0.17% 55,968 55,317 54,677 54,043
WIG 20 2,111 4.85 0.23% 2,124 2,095 2,066 2,037
Euronext BEL 20 3,522 3.57 -0.10% 3,483 3,440 3,398 3,357
Oslo Bors All-Share 936 1.41 -0.15% 909 898 887 875
ATX 2,929 14.12 -0.48% 2,860 2,823 2,785 2,748
OMX Copenhagen 1,036 1.49 0.14% 988 976 963 951
OMX Helsinki 25 3,850 2.05 0.05% 3,803 3,753 3,705 3,656
OMX Helsinki 9,083 7.49 0.08% 8,993 8,885 8,779 8,674
ISEQ 5,767 28.16 -0.49% 5,742 5,668 5,596 5,524
Athens General 833 0.52 0.06% 834 820 806 792
PSI Geral 3,073 4.12 -0.13% 3,027 2,998 2,969 2,940
PSI 20 4,847 5.85 -0.12% 4,789 4,738 4,687 4,638
PX 1,041 3.44 0.33% 1,007 999 990 982
BET 9,134 10.69 -0.12% 8,961 8,808 8,658 8,509
BUX 39,658 9.60 0.02% 39,965 39,520 39,084 38,648
PFTS 527 10.03 -1.87% 529 523 517 511
SAX 344 0.76 0.22% 338 334 330 326
LuxX 1,220 15.08 1.25% 1,179 1,158 1,137 1,117
CROBEX 1,877 4.00 -0.21% 1,889 1,878 1,867 1,857
SOFIX 576 3.39 -0.58% 575 570 566 562
SBITOP 865 2.12 0.25% 855 849 843 837
OMX Vilnius 691 0.49 0.07% 687 684 680 676
BELEX 15 751 1.32 -0.18% 734 727 720 714
SASX-10 804 1.81 0.23% 736 728 719 711
MSE 4,768 23.81 0.50% 4,828 4,798 4,768 4,739
MBI 10 3,996 3.66 -0.09% 3,894 3,859 3,824 3,790
Euronext 100 1,051 4.11 -0.39% 1,018 1,006 995 984
ICEX 1,422 7.83 0.55% 1,439 1,423 1,407 1,391
CSE General 70 0.58 0.83% 69 68 68 67
OMX Riga 1,038 7.40 0.72% 1,018 1,004 991 977
Euro Stoxx 50 3,389 4.52 -0.13% 3,304 3,267 3,230 3,193
OMX Tallinn 1,250 0.88 -0.07% 1,262 1,254 1,246 1,239
MONEX INDEX 10,942.43 71.14 0.65% 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 20,628 25.09 0.12% 20,305 20,004 19,709 19,417
SHANGHAI 2,883 3.11 0.11% 2,744 2,694 2,646 2,598
CSI 300 3,794 11.75 0.31% 3,593 3,521 3,451 3,383
SHANGHAI 50 2,878 8.79 0.31% 2,728 2,675 2,623 2,572
SENSEX 36,455 605.80 -1.63% 36,406 35,997 35,596 35,195
KOSPI 1,951 13.64 -0.69% 1,900 1,878 1,856 1,835
DSE Broad 5,237 13.44 0.26% 5,141 5,095 5,049 5,004
JCI 6,239 13.72 -0.22% 6,195 6,125 6,057 5,989
TASI 8,387 122.29 -1.44% 8,374 8,266 8,159 8,054
TAIEX 10,530 3.98 0.04% 10,369 10,243 10,119 9,997
ADX General 5,039 1.63 -0.03% 4,900 4,900 4,800 4,700
SET 50 1,078 2.58 -0.24% 1,089 1,079 1,068 1,058
FKLCI 1,602 7.88 0.49% 1,603 1,591 1,580 1,568
STI 3,128 5.17 0.17% 3,133 3,102 3,071 3,041
TA-100 1,501 0.23 0.02% 1,483 1,467 1,451 1,435
Hang Seng 26,049 221.32 -0.84% 25,709 25,326 24,950 24,577
PSEi 7,849 38.08 -0.48% 7,807 7,700 7,596 7,492
KSE 100 31,872 899.16 2.90% 29,078 28,659 28,246 27,839
KASE 2,143 2.60 -0.12% 2,205 2,184 2,164 2,143
QE 9,964 86.76 0.88% 9,794 9,691 9,589 9,489
HNX 104 0.49 0.48% 102 100 99 98
VN 997 2.88 0.29% 964 952 941 930
MSM TOP 30 3,985 55.49 1.41% 3,815 3,791 3,768 3,744
ASPI 5,905 2.72 -0.05% 5,864 5,820 5,775 5,731
Blom 808 1.74 0.22% 802 795 788 781
ASE 1,830 7.91 -0.43% 1,851 1,839 1,827 1,816
LSX Composite 763 0.86 -0.11% 757 747 738 728
MSE TOP 20 19,433 96.14 -0.49% 20,116 19,897 19,681 19,465
DFM general 2,769 21.99 -0.79% 2,799 2,766 2,733 2,701
Nikkei Volatility Index 18.34 0.20 1.10% 21.03 19.23 17.59 16.09
NIFTY 50 10,793 126.10 -1.15% 10,765 10,642 10,521 10,402
All-Share Index 6,000.10 3.67 -0.06% 6,073.78 6,032.81 5,992.46 5,952.71
Estirad 1,533.60 1.39 0.09% 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 6,593 20.40 0.31% 6,581 6,521 6,461 6,401
ASX 200 6,502 18.50 0.29% 6,507 6,447 6,387 6,327
ASX 50 6,460 19.30 0.30% 6,470 6,410 6,350 6,291
NZX 50 10,725 15.90 0.15% 10,789 10,706 10,622 10,539

Africa Price Day Q3/19 Q4/19 Q1/20 Q2/20
NSE-All Share 27,476 122.88 0.45% 27,078 26,746 26,420 26,099
FTSE/JSE TOP 40 48,467 369.95 -0.76% 48,478 47,790 47,111 46,442
JALSH-All Share 54,219 418.69 -0.77% 54,513 53,812 53,116 52,431
Egypt EGX 30 14,330 27.38 -0.19% 13,683 13,489 13,297 13,108
Casablanca CFG 25 11,555 2.42 0.02% 11,467 11,386 11,307 11,228
Nairobi 20 2,488 12.87 -0.51% 2,524 2,503 2,482 2,461
NSE All Share 151 0.58 -0.38% 145 143 142 140
DSEI 1,952 6.07 0.31% 1,929 1,910 1,890 1,871
TUN 7,157 17.91 -0.25% 7,153 7,102 7,052 7,001
GGSECI 2,262 4.92 0.22% 2,262 2,241 2,220 2,200
NSX Overall 1,193 2.03 -0.17% 1,195 1,177 1,160 1,142
Gaborone 7,495 15,031.11 -199.45% 7,529 7,495 7,461 7,426
SEMDEX 2,165 6.45 -0.30% 2,158 2,151 2,143 2,136
Zimbabwe Industrial Index 592.83 0.36 0.06% 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.