As stock markets around the world gained ground last month, the total world stock market capitalization increased by almost $5 trillion in May, according to preliminary data released today by the World Federation of Exchanges. The May gain follows increases of $3.65 trillion in April and $1 trillion in March, and is the first time in almost two years of three consecutive monthly advances in world stock market value.
The cumulative three-month gain of $9.625 trillion in world stock market capitalization brings the value of world equities up to $38.39 trillion, the highest level since September 2008, and marks a 33.5% increase from the February bottom (see chart above).
Update 06-11: World Markets increase by $11.7 trillion in global stock market capitalization since the March 9 bottom, using weekly data from Bloomberg. I reported yesterday on the $9.625 trillion increase through the end of May, using monthly data from the World Federation of Exchanges. Having access to Bloomberg gives me a major case of “data envy.”