World Cup success has been accompanied by positive equity market performance since last Sunday’s final for nearly all of the four top finishers as reflected by Russell Index country constituent returns.
World Cup victor Germany’s equity market increased 1.8 per cent, as measured by the Germany country constituent of the Russell Global Index, in the first three trading days of this week, after losing (-1.8 per cent) during the tournament from 12 June to 13 July.
Third place finisher The Netherlands also reversed a negative performance of (-0.4 per cent), as measured by the Netherlands country constituent of the Russell Global Index, during the tournament, increasing 1.3 per cent through the first three trading days of this week.
World Cup host nation Brazil, which placed fourth in the tournament, has been the top performer of the four nations this week through Wednesday, with a 2.1 per cent return as measured by the Brazil country constituent of the Russell Global Index.
The only country which investors have cried for this week through Wednesday is Argentina, which lost to Germany in the final Sunday and is part of the Russell Frontier Index. Argentina’s equity market lost (-2.6 per cent), as measured by the Argentina country constituent of the Russell Frontier Index, the first three trading days of this week after increasing 8.1 per cent during the World Cup tournament.
