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The S&P/ASX 200 added 1.2% last week, led higher by financial and mining stocks as the market digested the change of leadership and cabinet reshuffle. Offshore, the S&P 500 gained 0.9%, while the EURO STOXX 50 dropped 1.0%. Emerging markets underperformed, with Argentina joining Turkey as a country of focus. Asian stocks, however, performed strongly with ITW, IKO and IJP all amongst the top performing ETFs for the week. ETFS ROBO Global Robotics and Automation ETF (ROBO) also had a strong week, returning 4.4%. The U.S. dollar strengthened last week on rising global uncertainty and higher rate expectations following the release of the latest FOMC minutes. The Australian dollar fell 1.9% to US71.89c, its lowest level since late-2016. U.S. 10-year Treasury yields increased by 5 basis points. Commodities were mixed. Gold ended the week marginally lower at US$1,204/ounce, while palladium jumped 4.9%. WTI crude gained 1.6% to US$69.80/bbl. The Bloomberg Commodities Industrial Metals subindex fell 1.7% and copper hit a 12-month low on emerging market concerns and the stronger U.S. dollar. The Australian ETF market saw inflows of $116m into and outflows of $18m from domestically domiciled funds last week. The largest inflows were into cash ETFs (AAA and BILL) and domestics equity funds (MVW, A200 and KSM). Outflows were spread across a range of different exposures. ETF Securities has launched ETFS Battery Tech & Lithium ETF (ACDC), which provides exposure to developers of battery storage technology and lithium miners. Trading on the ASX commenced on 3rd September. ...
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ETFS Trade Idea: Platinum – The night is darkest before the dawn? High level summary: Platinum, one of the rarest precious metals, could correct upwards in H2 2018 to $900 an ounce This is because the platinum supply deficit is being exacerbated by today’s low prices South African politics – most platinum is mined in South Africa – has scared away mining investment, which also threatens supply ...
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The S&P/ASX 200 declined by 1.5% last week, led lower by the big four banks, as the Liberal Party elected the country's sixth Prime Minister in the past 10 years. Financial sector ETFs (MVB, QFN and OZF) were the poorest performers for the week, all declining by more than 4%. Offshore, markets rallied on expected advances in trade negotiations. The S&P 500 added 0.9% as technology and energy stocks continued to push higher. The EURO STOXX 50 gained 1.6%, its first weekly gain in four weeks, while the Nikkei 225 added 1.5%. The U.S. dollar softened and Treasury yields fell as President Trump and Jerome Powell both spoke of a gradual pace to interest rate rises. The Australian dollar gained 0.2% to end the week at US73.29c. The euro gained 1.6% against the dollar. Commodities rebounded last week, with the broad Bloomberg Commodities Index up 0.4%. WTI Crude jumped by 4.3%. Precious metals also rose, with gold up 1.8% to US$1,205/ounce. ETFS Physical Palladium (ETPMPD) was amongst the top performing funds for the week, returning 3.4%. The Australian ETF market saw inflows of $114m into and outflows of $21m from domestically domiciled funds last week. The largest inflows were into BetaShares Australian Ex-20 Portfolio Diversifier ETF (EX20), with other notable inflows into AAA, WDMF, MVW and QUAL. The largest outflows were from BetaShares Dividend Harvester Fund (HVST) and BetaShares U.S. Dollar ETF (USD). ...