World Equity Market Valuations Tables June 8th 2015
Comment of the Day

June 08 2015

Commentary by Eoin Treacy

World Equity Market Valuations Tables June 8th 2015

Eoin Treacy's view

Here is a link to the full list.

Following Erdogan’s historic setback in the Turkish election a higher degree of political uncertainty has entered the nation’s stock and currency markets. 

After Russia, the Turkish National 100 Index has the lowest historic P/E on the table of 99 indices. For the record its P/E is 10.06 and it yields 3.13%. The Index has returned to test the region of the March lows and while there is scope for some additional steadying, a sustained move above 82,500 will be required to signal a return to demand dominance beyond the short term. 

The US Dollar surged to a new high against the Lira on the above news and a sustained move below TRY2.56 would be required to question medium-term demand dominance.  .    

Please note: All data quoted above originates in Bloomberg. We realise that some of the data displayed is inaccurate for some indices, particularly where ADRs are included. However, I have endeavoured to remove the most problematic indices. We publish these tables because the data is generally accurate and going forward we will continue to weed-out the less reliable data sets as subscribers highlight them for us. The P/Es quoted by Bloomberg are exclusively based on operating earnings.)


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