Stock markets just had their worst quarter since 2011
European markets bounced across the board on Wednesday, but in the context of the last 3 months it really doesn't mean that much.
It's the end of September, which means the end of the third quarter — and what a dreadful quarter it's been. Stock markets around the world tanked after the "Black Monday" market collapse in China in late August and have failed to recover since.
Global stock markets have now had their worst 3-month run in 4 years. That was back in 2011 during the eurozone debt crisis.
Here's what the global markets slump looks like:
The FTSE 100 is down over 7% across the last three months.Investing.com
The Dow in the US is 8.9% lower than it started the quarter.Investing.com
And Germany's DAX is 12.2% lower than it began July. Investing.com
CapitalIndex's Mic Mills calls it a "horrific quarter" in an email this morning.
Here's how stock markets across Europe ended Wednesday:
UK FTSE 100: +2.58%
German DAX: +2.16%
French CAC 40: +2.46%
Euro Stoxx 50: +2.27%
In London, commodities trading and mining giant Glencore bounced back, ended up 14% at 91.5p, and supermarket shares went nuts after Sainsbury's put out a better than expected trading update. Sainsbury's also posted a near 14% rise, hitting 261p.
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