The Greek stock market fell by nearly 6% in the month, compounding the woes for a country that has had more than 80% wiped off the value of its equity index in the last three years.
Italy, which recently admitted its deficit would rise to 2% of GDP, suffered a stock market fall of 5.45% in July, while Ireland had a fall of 3.14% and Portugal 2.7%.
The best-performing stock market was Singapore, with 7.08% growth in July, followed by Australia and Sweden, which each exceeded 6%.
Developed markets on average gained 1.06% in July, outpacing the emerging nations, which achieved average growth of 0.89%.
©2012 funds europe