Major Price Day Q3/19 Q4/19 Q1/20 Q2/20
Dow Jones 26,935 159.72 -0.59% 26,726 26,355 25,989 25,626
S&P 500 2,992 14.72 -0.49% 2,952 2,911 2,870 2,830
NASDAQ 100 7,824 78.24 -0.99% 7,726 7,619 7,513 7,408
NASDAQ 8,118 65.21 -0.80% 8,063 7,951 7,840 7,731
S&P MidCap 400 1,945 5.02 -0.26% 1,936 1,909 1,882 1,856
US 600 963 2.37 -0.25% 962 949 936 923
Russell 2000 1,560 1.71 -0.11% 1,556 1,535 1,513 1,492
S&P VIX 15.32 1.27 1.27% 14.99 14.78 14.57 14.37
US 100 10,944 26.07 -0.24% 10,839 10,688 10,540 10,393
NIKKEI 225 22,079 34.64 0.16% 21,669 21,355 21,045 20,739
FTSE 100 7,327 28.83 -0.39% 7,271 7,195 7,120 7,046
FTSE All 4,043 2.02 -0.05% 3,999 3,957 3,916 3,875
DAX 12,405 48.86 -0.39% 12,238 12,081 11,924 11,771
CAC 40 5,663 5.27 0.09% 5,547 5,479 5,412 5,347
FTSE MIB 22,123 4.99 -0.02% 21,602 21,291 20,984 20,682
IBEX 35 9,134 4.48 0.05% 8,970 8,870 8,772 8,674
Australian All 6,839 13.80 0.20% 6,714 6,647 6,581 6,515
ASX 200 6,731 13.30 0.20% 6,607 6,541 6,475 6,411
ASX 50 6,700 8.40 0.13% 6,571 6,506 6,440 6,376
SHANGHAI 3,008 8.67 0.29% 2,977 2,924 2,872 2,821
SHANGHAI 50 2,968 11.41 0.39% 2,929 2,877 2,826 2,776
CSI 300 3,936 11.27 0.29% 3,887 3,818 3,750 3,683
SENSEX 38,300 2,206.74 6.11% 36,650 36,220 35,797 35,378
MOEX 2,782 13.15 -0.47% 2,789 2,759 2,729 2,699
TSX 16,888 29.22 0.17% 16,550 16,410 16,270 16,131
KOSPI 2,092 11.17 0.54% 2,037 2,013 1,989 1,965
iBovespa 104,640 300.46 0.29% 101,680 99,889 98,129 96,401
IPC Mexico 43,559 541.99 1.26% 42,229 41,625 41,029 40,442
AEX 575 3.94 -0.68% 568 562 556 549
SMI 10,057 7.63 -0.08% 9,889 9,782 9,677 9,573
FTSE/JSE TOP 40 50,342 263.86 0.53% 50,631 49,999 49,374 48,756
JALSH-All Share 56,407 283.06 0.50% 56,639 55,934 55,234 54,540
STI 3,160 0.88 0.03% 3,171 3,140 3,109 3,078
Hang Seng 26,436 33.28 -0.13% 26,718 26,316 25,923 25,532
PSI Geral 3,231 3.01 -0.09% 3,181 3,147 3,113 3,079
NZX 50 10,829 28.34 0.26% 10,742 10,653 10,564 10,476
S&P Europe 350 1,582.23 10.36 0.66% 1,563.48 1,545.18 1,527.10 1,509.24
S&P Global 1200 2,451.60 4.88 0.20% 2,395.00 2,366.98 2,339.28 2,311.91
Euronext 100 1,099 4.53 0.41% 1,074 1,061 1,049 1,036
Euro Stoxx 50 3,553 1.35 0.04% 3,485 3,444 3,404 3,364
NIFTY 50 11,360 655.10 6.12% 10,871 10,744 10,618 10,494

America Price Day Q3/19 Q4/19 Q1/20 Q2/20
Dow Jones 26,935 159.72 -0.59% 26,726 26,355 25,989 25,626
S&P 500 2,992 14.72 -0.49% 2,952 2,911 2,870 2,830
NASDAQ 100 7,824 78.24 -0.99% 7,726 7,619 7,513 7,408
NASDAQ 8,118 65.21 -0.80% 8,063 7,951 7,840 7,731
S&P MidCap 400 1,945 5.02 -0.26% 1,936 1,909 1,882 1,856
US 600 963 2.37 -0.25% 962 949 936 923
Russell 2000 1,560 1.71 -0.11% 1,556 1,535 1,513 1,492
S&P VIX 15.32 1.27 1.27% 14.99 14.78 14.57 14.37
US 100 10,944 26.07 -0.24% 10,839 10,688 10,540 10,393
Ecuador General Index 1,328 0.39 0.03% 1,319 1,312 1,305 1,298
TSX 16,888 29.22 0.17% 16,550 16,410 16,270 16,131
iBovespa 104,640 300.46 0.29% 101,680 99,889 98,129 96,401
IPC Mexico 43,559 541.99 1.26% 42,229 41,625 41,029 40,442
S&P/BVL Peru General Index TR (PEN) 19,491 15.62 -0.08% 19,251 19,088 18,925 18,764
Merval 30,097 317.72 -1.04% 28,497 26,948 25,480 24,094
IBC 50,094 2,032.79 4.23% 21,521 8,304 3,207 1,238
COLCAP 1,594 0.12 0.01% 1,562 1,544 1,527 1,509
IGPA 25,502 22.57 0.09% 24,980 24,770 24,561 24,355
BVPSI 454 0.00 0.00% 450 448 447 446
JSE 510,555 2,497.45 0.49% 504,124 497,948 491,823 485,749
BSX 2,084 0.00 0.00% 2,011 1,951 1,893 1,837

Europe Price Day Q3/19 Q4/19 Q1/20 Q2/20
FTSE 100 7,327 28.83 -0.39% 7,271 7,195 7,120 7,046
FTSE All 4,043 2.02 -0.05% 3,999 3,957 3,916 3,875
DAX 12,405 48.86 -0.39% 12,238 12,081 11,924 11,771
CAC 40 5,663 5.27 0.09% 5,547 5,479 5,412 5,347
FTSE MIB 22,123 4.99 -0.02% 21,602 21,291 20,984 20,682
IBEX 35 9,134 4.48 0.05% 8,970 8,870 8,772 8,674
MOEX 2,782 13.15 -0.47% 2,789 2,759 2,729 2,699
AEX 575 3.94 -0.68% 568 562 556 549
BIST 100 100,237 102.07 -0.10% 101,380 99,595 97,840 96,117
SMI 10,057 7.63 -0.08% 9,889 9,782 9,677 9,573
OMXS 30 1,667 2.25 0.14% 1,634 1,613 1,592 1,572
WIG 57,485 567.84 -0.98% 57,431 56,745 56,071 55,403
WIG 20 2,172 19.86 -0.91% 2,175 2,149 2,123 2,098
Euronext BEL 20 3,739 33.10 0.89% 3,655 3,609 3,564 3,519
Oslo Bors All-Share 1,011 5.85 0.58% 991 977 964 952
ATX 3,068 0.96 -0.03% 3,007 2,966 2,925 2,885
OMX Copenhagen 1,045 8.64 0.83% 1,015 1,001 988 975
OMX Helsinki 9,492 25.95 0.27% 9,341 9,215 9,091 8,968
OMX Helsinki 25 4,038 0.81 0.02% 4,003 3,949 3,896 3,844
ISEQ 6,121 15.41 0.25% 6,135 6,050 5,966 5,883
Athens General 876 2.24 0.26% 842 828 813 799
PSI Geral 3,231 3.01 -0.09% 3,181 3,147 3,113 3,079
PSI 20 5,016 23.57 -0.47% 4,986 4,931 4,878 4,824
PX 1,060 6.96 0.66% 1,045 1,036 1,027 1,019
BET 9,442 82.87 0.89% 9,115 8,959 8,805 8,653
BUX 41,117 194.62 0.48% 39,969 39,537 39,109 38,688
PFTS 522 5.20 1.01% 509 504 498 493
SAX 338 1.01 0.30% 342 339 336 332
LuxX 1,325 14.90 -1.11% 1,314 1,288 1,264 1,239
CROBEX 1,900 2.59 0.14% 1,884 1,873 1,863 1,852
SOFIX 573 6.13 -1.06% 576 572 567 563
SBITOP 857 4.94 -0.57% 851 845 839 833
OMX Vilnius 694 1.74 0.25% 684 680 677 673
BELEX 15 756 2.77 -0.37% 750 742 735 727
MSE 4,831 27.74 -0.57% 4,832 4,802 4,772 4,743
S&P Europe 350 1,582.23 10.36 0.66% 1,563.48 1,545.18 1,527.10 1,509.24
S&P Global 1200 2,451.60 4.88 0.20% 2,395.00 2,366.98 2,339.28 2,311.91
CSE General 67 0.48 0.72% 66 66 65 64
MBI 10 4,169 22.73 0.55% 4,061 4,024 3,988 3,952
Euronext 100 1,099 4.53 0.41% 1,074 1,061 1,049 1,036
ICEX 1,426 11.93 0.84% 1,404 1,389 1,373 1,358
OMX Tallinn 1,233 0.50 0.04% 1,225 1,217 1,210 1,203
OMX Riga 1,025 0.13 0.01% 1,013 999 985 972
SASX-10 821 5.57 0.68% 811 800 790 780
Euro Stoxx 50 3,553 1.35 0.04% 3,485 3,444 3,404 3,364
MONEX INDEX 11,149.83 11.72 -0.11% 11,024.45 10,946.74 10,870.13 10,794.64

Asia Price Day Q3/19 Q4/19 Q1/20 Q2/20
NIKKEI 225 22,079 34.64 0.16% 21,669 21,355 21,045 20,739
CSI 300 3,936 11.27 0.29% 3,887 3,818 3,750 3,683
SHANGHAI 3,008 8.67 0.29% 2,977 2,924 2,872 2,821
SHANGHAI 50 2,968 11.41 0.39% 2,929 2,877 2,826 2,776
SENSEX 38,300 2,206.74 6.11% 36,650 36,220 35,797 35,378
KOSPI 2,092 11.17 0.54% 2,037 2,013 1,989 1,965
DSE Broad 4,856 32.03 -0.66% 4,915 4,870 4,825 4,782
JCI 6,231 13.00 -0.21% 6,157 6,094 6,033 5,972
TASI 7,927 105.59 1.35% 7,637 7,537 7,438 7,340
TAIEX 10,930 34.99 0.32% 10,767 10,638 10,510 10,385
ADX General 5,125 31.34 -0.61% 5,102 5,045 4,988 4,932
SET 50 1,089 1.30 -0.12% 1,095 1,084 1,074 1,063
FKLCI 1,597 1.13 0.07% 1,590 1,578 1,567 1,555
STI 3,160 0.88 0.03% 3,171 3,140 3,109 3,078
TA-100 1,526 2.61 0.17% 1,490 1,473 1,456 1,439
Hang Seng 26,436 33.28 -0.13% 26,718 26,316 25,923 25,532
PSEi 7,871 40.21 -0.51% 7,888 7,781 7,675 7,571
KSE 100 32,111 72.93 -0.23% 31,401 30,900 30,405 29,917
KASE 2,193 6.03 0.28% 2,169 2,149 2,128 2,107
QE 10,512 27.53 -0.26% 10,306 10,192 10,081 9,969
HNX 104 0.10 0.10% 101 100 99 98
VN 990 6.74 -0.68% 978 967 956 944
MSM TOP 30 3,992 23.86 -0.59% 3,984 3,959 3,934 3,909
ASPI 5,794 17.15 -0.30% 5,783 5,739 5,695 5,651
Blom 792 2.72 -0.34% 788 780 773 766
ASE 1,817 0.98 0.05% 1,798 1,786 1,775 1,764
DFM general 2,820 3.87 -0.14% 2,846 2,813 2,782 2,750
LSX Composite 743 1.14 -0.15% 736 725 715 704
MSE TOP 20 18,988 159.11 -0.83% 19,275 19,074 18,876 18,679
NIFTY 50 11,360 655.10 6.12% 10,871 10,744 10,618 10,494
Nikkei Volatility Index 16.39 0.40 -2.38% 16.07 15.84 15.61 15.38
All-Share Index 5,552.51 50.23 0.91% 5,576.68 5,537.37 5,498.05 5,458.73
Estirad 1,490.39 1.02 0.07% 1,514.38 1,506.16 1,498.09 1,490.02

Australia Price Day Q3/19 Q4/19 Q1/20 Q2/20
Australian All 6,839 13.80 0.20% 6,714 6,647 6,581 6,515
ASX 200 6,731 13.30 0.20% 6,607 6,541 6,475 6,411
ASX 50 6,700 8.40 0.13% 6,571 6,506 6,440 6,376
NZX 50 10,829 28.34 0.26% 10,742 10,653 10,564 10,476

Africa Price Day Q3/19 Q4/19 Q1/20 Q2/20
NSE-All Share 27,699 52.54 0.19% 27,560 27,239 26,924 26,612
FTSE/JSE TOP 40 50,342 263.86 0.53% 50,631 49,999 49,374 48,756
JALSH-All Share 56,407 283.06 0.50% 56,639 55,934 55,234 54,540
Egypt EGX 30 14,742 3.03 -0.02% 14,684 14,477 14,273 14,072
Casablanca CFG 25 11,442 94.31 -0.82% 11,506 11,427 11,349 11,273
Nairobi 20 2,426 5.16 -0.21% 2,411 2,392 2,372 2,353
NSE All Share 144 0.08 -0.06% 143 141 140 139
DSEI 1,926 0.75 -0.04% 1,891 1,872 1,854 1,836
TUN 7,104 0.57 -0.01% 7,086 7,043 7,001 6,959
GGSECI 2,228 22.02 -0.98% 2,218 2,197 2,176 2,156
SEMDEX 2,111 0.41 -0.02% 2,103 2,095 2,087 2,080
NSX Overall 1,268 14.85 -1.16% 1,271 1,252 1,233 1,215
Gaborone 7,437 2.03 0.03% 7,400 7,366 7,333 7,300
Zimbabwe Industrial Index 589.45 11.71 2.03% 535.83 517.46 499.71 482.56

TRADING ECONOMICS expects stock markets to fall further and more rapidly than most investors anticipate on speculation that economic growth will be hurt by an ugly trade war between the United States and China. In addition, geopolitical tensions between Saudi Arabia and Iran, Pakistan and India, Russia and the European Union are likely to take center stage hurting investors appetite for risky assets even further. That said, there are short-term upside risks for this forecast as the addition of monetary liquidity into the financial system by central banks may make it cheaper for companies to borrow and investors to take loans to leverage their stock portfolios thus boosting stocks. TRADING ECONOMICS provides forecasts for major stock market indexes and shares based on its analysts expectations and proprietary global macro models. The current forecasts were last revised on September 16 of 2019. Please consider that while TRADING ECONOMICS forecasts are made using our best efforts, they are not investment recommendations.