A Difficult Quarter for Share Markets

It was not just the poor weather that made it a bad summer for investors.

IndexThird Quarter Change
FTSE 100– 7.04%
FTSE All-Share-6.57%
Dow Jones Industrial-7.58%
Standard & Poor’s 500-6.94%
Nikkei 225-14.07%
Euro Stoxx 50 (€)-9.45%
Hang Seng-20.59%
MSCI Emerging Markets (£)-15.42%

It was the worst quarter for investors since 2011, but as ever, the raw numbers do not tell the whole story: