The main stock indices of advanced countries experienced downward developments in August 2024 compared to the previous month, with the exception of the DOW JONES indices of the United States and FTSE 100 of the United Kingdom which increased by 0.6 % each. The information is contained in the latest publication “Economic situation note – September 2024” from the Central Bank of West African States (BCEAO).
Global stock markets fell, linked to fears over a possible economic slowdown in the United States, monetary tightening in Japan and the decline in technology stocks.
In Japan, the NIKKEI 225 index contracted by 8.2%, after increasing by +3.3%. The US NASDAQ index also fell by 3.9%, after strengthening by 2.6%.
Likewise, the EUROSTOXX 50 indices of the euro zone (-2.6%) and CAC 40 of France (-2.2%) fell compared to their average for the month of July 2024. In Africa, apart from Nigeria’s NSE index which contracted by 2.9%, stock indices recorded positive developments.
Indeed, notes the Bceao, the GSE indices of Ghana (+6.4%), MASI of Morocco (+2.5%) and FTSE of South Africa (+1.9%) have strengthened.
Adou FAYE
