Share markets moved higher over the last week as some soft economic data highlighted the need for continued easy global monetary conditions and as geopolitical risks receded a bit. The Australian share market was also supported by good profit results. US and European shares rose 1.2%, Japanese shares gained 3.7%, Chinese shares rose 1.5% and the Australian share market rose 2.4%. Bond yields fell, with the German bond yields falling 10 basis points to just 0.95% and Eurozone peripheral country bond yields falling even more sharply. Commodity prices generally fell but the $A rose slightly on expectations that the Fed’s first rate hike might be pushed out further and as confidence readings in Australia improved.
Please read the full article here: Weekly-Report – 15 August 2014