- Global bond yields fell to record lows last week as risk-off trades found favour in the wake of Brexit and ahead of US employment data on Friday.
- The S&P/ASX 200 fell 0.3%, EURO STOXX 50 fell 1.6% and the Nikkei 225 fell 3.7%. The S&P 500 gained 1.3%. Resource sector ETFs were the best performers for the week.
- Precious metals continued to rise, with gold up 1.1% and silver up 2.5% for the week. WTI Crude fell 7.3%, trading below US$45 at times.
- The Australian dollar gained 1% for the week. Japanese yen continued to strengthen, rising 1.9% against the US dollar. Pound sterling continued to decline, losing a further 2.4% against the US dollar.
- The Australian ETF market saw A$28m in inflows and A$84m of outflows for the week. The largest inflows were into high yield equities and bond ETFs.
This weeks Chart of the week Australian and US governement bond yield (%) over 5 years
.png)
I will bring this update to you on a weekly basis.
Kris Walesby, Head of ANZ ETFS
