S&P annual balance sheet 2023: Tops and flops on the stock market - A financial expert analyzes the performance of countries, sectors and indices.

S&P annual balance sheet 2023: Tops and flops on the stock market - A financial expert analyzes the performance of countries, sectors and indices.

According to a report from www.capital.de,

The stock market year 2023 was surprisingly successful, especially for European countries. According to the S&P annual balance sheet, the German standard value index DAX rose by around 20 percent, and the S&P Global BMI even rose by 16 percent. Particularly developed countries such as Italy, Spain, Ireland, Greece and Hungary showed profit increases of between 28 and 47 percent. In contrast, the S&P Emerging BMI, which measures performance in emerging markets, rose just 7 percent. Asian markets, especially China, lagged far behind.

It is interesting to see that the stock markets of developed industrial countries showed a significant lead over emerging countries in 2023. The rise in local currencies against the US dollar contributed to this. The high susceptibility of smaller trading venues to fluctuations is an important aspect that must be taken into account.

In terms of sectors and industries, the US technology industry, particularly companies like Google and Meta, has seen notable outperformance. On the other hand, the green electricity providers had a particularly poor performance, lagging behind the traditional oil and gas companies despite increased investments in renewable energies. This also reflects the political developments of the year.

Overall, the S&P annual balance sheet shows that the stock markets developed very differently in 2023, depending on countries and industries. The economic strength of developed countries and the weakness of emerging markets as well as the changes in the energy sector are important points that must be taken into account when analyzing market developments.