HomeNewsPhotosBusinessMarketsGlobal markets ignore COVID-19 economic concerns; Sensex, Nikkei 225, FTSE 100 among indices that recovered after March lows
Global markets ignore COVID-19 economic concerns; Sensex, Nikkei 225, FTSE 100 among indices that recovered after March lows
The disconnect between economy and the markets isn't limited to Indian and US markets, it is the same world over. Find out which indices have recovered globally despite COVID-19 economic challenges:
The economy of almost every country is impacted due to coronavirus pandemic as most business activity is on a halt to break the chain of infections. However, it seems that the global equity market has shrugged off virus concerns. The Indian benchmark index has rallied more than 40 percent from its March lows. During the same period, Brazil's BVSP BOVESPA and United States' Nasdaq Composite rose over 50 percent despite these three countries have the highest number of infected cases in the world. (Data Source: Refinitiv, Johns Hopkins)
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Brazil's BVSP BOVESPA index value is 1,00,031, up 57 percent from March 23. The country's total COVID-19 cases stand at 18,84,967 as of July 14.
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United States' Nasdaq Composite index value is 10,390, up 51 percent from March 23. The country's total COVID-19 cases stand at 33,64,547 as of July 14.
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Germany's DAX index value is 12,800 up 46 percent from March 23. The country's total COVID-19 cases stand at 2,00,440 as of July 14.
