We take a look at how a couple of the global equity markets we track are trading this week.
The Good: After hitting its lowest level since last July on Monday, the Brazilian BOVESPA has staged a nice 4-day rally and is up 2.4 percent for the week. Pretty impressive given how closely linked it is to China and how poor the Shanghai has been trading.
The Bad: The DAX, under pressure from the sovereign debt crisis in the periphery, is down 2.10 percent for the week.
The Ugly: China’s Shanghai Composite continues to trade very poorly closing at its lows and down 4.31 percent for the week. Keep this one on your radar.
(click here if charts are not observable)