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The S&P/ASX 200 gained 0.4% last week, with resources stocks bouncing back. Offshore developed markets gained, the S&P 500 was up by 1.2%, while the EURO STOXX 50 gained 1.6%. Japan's Nikkei 225 also gained 3.5%. ETFS Physical Platinum (ETPMPT) had another strong week returning 3.2%, whilst the Betashares WisdomTree Japan ETF was the best performing, with a return of 3.5% for the week. Asian stock markets have had a mixed year, with Chinese equities continuing to struggle compared to Japan and Taiwan (see Chart of the Week). The U.S. dollar weakened last week. Currency pressure continues in emerging markets including Argentina, Turkey, Brazil, Russia and South Africa. The Australian dollar gained 0.7% to reach US71.53c, after hitting a two year low a week earlier. U.S. 10-year Treasury yields increased by 6 basis points. Commodities were mixed. Gold ended the week marginally lower at US$1,195/ounce, while Silver fell 0.8%. WTI crude gained 1.8% to US$68.99/bbl. The Bloomberg Commodities Industrial Metals index fell 0.2%. The Australian ETF market saw inflows of $118m into and outflows of $22m from domestically domiciled funds last week. The largest inflows were into cash ETFs (BILL, AAA and ISEC) and domestic funds (MVW and IOZ). Outflows were spread across a range of different exposures. ...
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The S&P/ASX 200 fell 2.8% last week, the RBA kept rates on hold and market futures are pointing towards a flat period ahead. Offshore the sea of red continued, the S&P 500 fell by 1.0% led by technology stocks, while the EURO STOXX 50 dropped 2.9%. Asian stocks, also fell by 2.4%. ETFS Physical Palladium (ETPMPD) and BetaShares Australian Equities Strong Bear (BBOZ) both had a strong week, returning 5.5% and 7.0% respectively. The U.S. dollar strengthened last week on rising global uncertainty in emerging markets. Currency pressure continuing to grow in emerging markets. Argentina, Turkey, Brazil, Russia and South Africa all continuing to drop. The Australian dollar fell 1.1% to US71.07c, its new lowest level since late-2016. U.S. 10-year Treasury yields increased by 8 basis points. Commodities were mixed. Gold ended the week marginally lower at US$1,197/ounce, while Silver slumped 2.5%. WTI crude fell 2.9% to US$67.75/bbl. The Bloomberg Commodities Industrial Metals subindex fell 1.4%. The Australian ETF market saw inflows of $116m into and outflows of $18m from domestically domiciled funds last week. The largest inflows were into equity ETFs (STW and NDQ) and domestic funds (MVW, QPO and HBRD). 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. ...