World Stock Markets Gain $4 Trillion in July
As stock markets around the world gained ground last month, the total world stock market capitalization increased by almost $4 trillion in July, according to data from the World Federation of Exchanges. The July gain follows increases of $1 trillion in March, $3.59 trillion in April, $3.82 trillion in May, and $600 billion in June, and is the first time in two years of five consecutive monthly advances in world stock market value.
The cumulative five-month gain of $12.85 trillion in world stock market capitalization brings the value of world equities up to $41.52 trillion, the highest level since September 2008, and marks a 45% increase from the February bottom (see chart above). 48 out of the 52 world stock markets reporting to the World Federation of Exchanges registered July increases in their domestic stock market capitalization, led by Poland with a whopping 25.2% increase.