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Thursday, 12 July 2007 |
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Fear and loving so far as the world’s bourses are concerned when it comes to teletech stocks.
The Redux ICT Global 100 (‘R-100’), now toddling into its third year, produced what serious economists refer to as a ‘stonking’ second quarter across the world. In the period from 01 April to 26 June it clambered up by 9.7%, outperformed only by the UK’s rainfall index over the same duration.
The rise comes on the back of 3.8% growth in April, 4.7% in May, and 0.5% in June. At the end of June, the R-100 stood at 1374.44. As with the three preceding months, this represents an all-time high for the index. Europe posted three consecutives months of growth: 4.75%. 5.1% and 0.8%. The Americas slipped 0.1% last month after rises of 4.7% and 5.4% in April and May respectively. Asia-Pacific stocks were off o.1% in April but came back with monthly gains of 2.2% and 2.1% thereafter.
Sectoral and regional volatility has been apparent of course. This can be studied in more detail should you choose to click here.
Jim Chalmers
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