Matthew Leong, Portfolio Analyst and Jonathan Bayes, Chief Investment Officer – Partners Wealth Group, wrap up recent market movements and what we can expect this reporting season.
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Yields are rising with equities and commodities as markets get more optimistic on an economic recovery. This month, we look at the risks posed by a potential disorderly surge in yields
It was another earnings-heavy week in Australia, while a surge in bond yields tempered the equity market rally, with high growth stocks suffering the most. Emerging markets, the star performer for the year so far, took a 5.7% tumble as measured by the MSC
Despite strong results in the Australian reporting season, the S&P/ASX 200 has had a poor week, ending 0.2% lower as a spike in bond yields weigh on equities.
Global equities posted positive gains for the week as markets stabilised, and we see the domestic earnings season just starting to kick into gear, with some promising results so far.
Markets rebounded from the previous week’s mild sell-off as strong earnings came to the fore and the Gamestop fiasco faded into the background as the stock tumbled.
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