The local equity market refers to a stock exchange or financial market that deals with the buying and selling of shares in locally based companies. Full definition
We find that the Shiller - PE is a reliable long - term valuation indicator for developed and emerging markets and we use the indicator to predict real returns on local equity markets over the next five to ten years. (mebfaber.com)
Klement uses the indicator to predict real returns on local equity markets over the next five to ten years (shown in Exhibits 11 and 12 extracted below): (greenbackd.com)
The Chinese yuan is suffering from poor performance in local equity markets and rising interest rates. (ibtimes.com)