He earned everything, oil, stocks, gold. Not getting rich on stock exchanges was an art

The value of global stock markets increased by USD 17 trillion (EUR 15.34 trillion) this year, Deutsche Bank calculated. On the stock exchanges, it was harder to remodel this year than to win. Gold and bitcoin were also successful.

The total value of global stocks at the beginning of the year was below $ 70 trillion, but has already exceeded $ 85 trillion, it shows from a chart compiled by Torsten Slok of Deutsche Bank. Among the factors that supported this year’s actions include loose monetary policies of central banks and political developments in the world.

The US Federal Reserve (Fed) has cut its key rate this year three times, the European Central Bank (ECB) has reduced the deposit rate more deeply into the negative band (-0.50%) and also adopted other stimulus measures measures.

Uncertainties, which were negative, also decreased slightly during the year on the global economy since the election of Donald Trump and the British vote for withdrawal from the European Union (EU). The Trump administration has been achieved partial agreement with China, which should be signed soon. The convincing victory of the Conservatives of Boris Johnson in the British parliamentary elections, in turn, could finally allow for completion brexitu.

Unless there is an unexpected turnaround at the end of the year, investors around the world will record the highest yields in the past decade, he told TASR chief economist of Czech Fund Lukáš Kovanda. “almost everything this year earned, that is, of course, in addition to bank deposits accounts. “

From the beginning of the year to the end of last week, according to Kovand, oil investors earned 34%, US stocks 27.5%, world stocks 22.9%, gold 15%, emerging economy equities 14%, emerging government bonds economies denominated in dollars above 12%, global debt above tenth and US bonds almost 7%. Despite the decline at the end of the year bitcoin also thrived, appreciating by almost 96% this year.

That is why, according to Kovand, this year “money was more like art on stock exchanges to lose before earning them ’. “It simply came to our notice then exceptionally good fourth quarter this year. World significant central banks have implemented it again in the last months of the year extremely loose monetary policy. “

According to Kovand, the monetary policies of central banks “contribute to inflate asset prices, and thanks to that, investors will get rich this year practically everything ”. However, Kovanda pointed out that “this year it started from a very low base, as the end of 2018 was characterized by, on the contrary, panicky sales of many types of assets. Optically then the comparison with the low base at the beginning of January also inflates today’s prices, and thus revenues. However, if we compare the current prices for example, with those from the end of September 2018, it will no longer be such a glory, “ Kovanda added.

The value of global stock markets increased by USD 17 trillion (EUR 15.34 trillion) this year, Deutsche Bank calculated. On the stock exchanges, it was harder to remodel this year than to win. Gold and bitcoin were also successful.

The total value of global stocks at the beginning of the year was below $ 70 trillion, but has already exceeded $ 85 trillion, it shows from a chart compiled by Torsten Slok of Deutsche Bank. Among the factors that supported this year’s actions include loose monetary policies of central banks and political developments in the world.

The US Federal Reserve (Fed) has cut its key rate this year three times, the European Central Bank (ECB) has reduced the deposit rate more deeply into the negative band (-0.50%) and also adopted other stimulus measures measures.

Uncertainties, which were negative, also decreased slightly during the year on the global economy since the election of Donald Trump and the British vote for withdrawal from the European Union (EU). The Trump administration has been achieved partial agreement with China, which should be signed soon. The convincing victory of the Conservatives of Boris Johnson in the British parliamentary elections, in turn, could finally allow for completion brexitu.

Unless there is an unexpected turnaround at the end of the year, investors around the world will record the highest yields in the past decade, he told TASR chief economist of Czech Fund Lukáš Kovanda. “almost everything this year earned, that is, of course, in addition to bank deposits accounts. “

From the beginning of the year to the end of last week, according to Kovand, oil investors earned 34%, US stocks 27.5%, world stocks 22.9%, gold 15%, emerging economy equities 14%, emerging government bonds economies denominated in dollars above 12%, global debt above tenth and US bonds almost 7%. Despite the decline at the end of the year bitcoin also thrived, appreciating by almost 96% this year.

That is why, according to Kovand, this year “money was more like art on stock exchanges to lose before earning them ’. “It simply came to our notice then exceptionally good fourth quarter this year. World significant central banks have implemented it again in the last months of the year extremely loose monetary policy. “

According to Kovand, the monetary policies of central banks “contribute to inflate asset prices, and thanks to that, investors will get rich this year practically everything ”. However, Kovanda pointed out that “this year it started from a very low base, as the end of 2018 was characterized by, on the contrary, panicky sales of many types of assets. Optically then the comparison with the low base at the beginning of January also inflates today’s prices, and thus revenues. However, if we compare the current prices for example, with those from the end of September 2018, it will no longer be such a glory, “ Kovanda added.