The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A light show is projected onto Brussels' Town Hall (R) as part of Christmas events at the Grand-Place in Brussels November 29, 2013.
A light show is projected onto Brussels' Town Hall (R) as part of Christmas events at the Grand-Place in Brussels November 29, 2013.
(YVES HERMAN/REUTERS)

Developed nations are back to crushing emerging markets

On a day when the Globe and Mail has broken a story about Toronto Mayor Rob Ford, it is awfully difficult to write about the virtues of – sigh – the Belgian stock market. But bear with me here.

Standard & Poor’s released performance numbers for global equity markets in April and one thing stands out: developed markets continue to wallop emerging markets, reinforcing a trend that has persisted since the start of 2013 and shows few signs of reversing any time soon.