February 24, 2024
London, UK

How Markets Performed in the First Nine Months of 2022

How Markets Performed in the First Nine Months of 2022

2022 has been a tough year for investors around the globe as all indices slipped into a bear market. The aggressive rate hikes by the Federal Reserve throughout the year, the Russia-Ukraine war, high inflation and supply chain difficulties after the Covid pressured almost all markets.

Stock indices are all in negative territory for the year. The tech-heavy Nasdaq is the worst performer with losses of up to 32% followed by Hong Kong’s Hang Seng stock index with losses of up to 26%. Eurozone stocks are among the hardest hit by the Russia-Ukraine conflict. Italian stocks are down 24% and Germany’s Dax index is down 23%. Dow Jones and S&P 500 both ended the third quarter with heavy losses, -20 and -24% respectively, as the Fed accelerated the interest rates hike. Nikkei 225 is almost 10% lower. India’s Sensex index is the top performer stock index so far, giving up only 1.42% in the first nine months of 2022.

In the commodities, crude oil is the winner with 5% gains while gold lost 8% and silver 18%.

In forex markets, the U.S. dollar is the king in the room as the once-in-a-lifetime rise in the dollar has shocked global markets. USDJPY is trading 25% higher while EURUSD is 13% lower since the beginning of the year. The Australian dollar is almost 12% against the U.S dollar.

In cryptocurrencies, Monero has outperformed the biggest cryptocurrencies; it has lost 35% of its capitalization. The worst performers are Bitcoin Cash (- 72.55%), Ethereum (-64.52%), Litecoin (-63.73%). Bitcoin has lost 58.37 of it’s market cap.

Here is the markets scorecard:

Dow Jones -20.95%

S&P 500 -24.77%

Nasdaq -32.40%

FTSE 100 -6.65%

DAX -23.74%

CAC 40 -19.44%

FTSE MIB -24.49%

IBEX 35 -15.46%

NIKKEI 225 -9.91%

Hang Seng -26.39%

Sensex -1.42%

Gold -8.86%

Silver -18.58%

Crude Oil +5.69%

EURUSD -13.81%

USDJPY +25.74%

AUDUSD -11.92%

Bitcoin -58.37%

Ethereum -64.52%

XRP -41.65%

Bitcoin Cash – 72.55%

Litecoin -63.73%

Monero -35.77%


Previous Article

Nike Drops on High Inventories – Low Margins

Next Article

Credit Suisse Stock Slump on Financial Strength Concerns

You might be interested in …

PLTR Palantir

Palantir (PLTR) Third Quarter Earnings

Palantir Technologies Inc. (PLTR) reported third-quarter earnings, which ended September 30th. The earnings came lower than estimates while the revenue came slightly better than the analyst’s expectations.

Credit Suisse stock CSGN

Credit Suisse (CSGN) Reports Huge Q4 Loss

Credit Suisse reported the worst annual loss since the Great Financial Crisis in 2008. Here are the key figures from the fourth quarter of 2022 which was the fifth straight quarter of losses.