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Platinum Buoyant Against Backdrop of Potential Labour Unrest

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Platinum Buoyant Against Backdrop of Potential Labour Unrest

ETF Securities Commodity ETP Weekly Platinum Buoyant Against Backdrop of Potential Labour Unrest

Platinum defies precious metals trend with strongest inflows in 19 weeks.

ETFS Industrial Metals (AIGI) inflows reverse prior trend.

Energy price gains prompt 12th consecutive weekly outflow from long oil ETPs as investors anticipate near-term correction.

Last week we hosted a post-OPEC webinar providing an update on the current state of the oil industry with Amrita Sen, Oil Analyst at Energy Aspects

Divergent agricultural outflows led by wheat and coffe.

Platinum Buoyant Against Backdrop of Potential Labour Unrest

The energy sector was the one bright spot within a gloomy week for commodity markets. Lingering Greek uncertainty and rising geopolitical risk is likely to remain a supportive influence for precious metals in coming weeks. At the margin, the US Dollar’s recent strength is having an adverse impact on commodity markets. We expect further US Dollar strength to keep commodity gains capped in the near-term, but rising economic activity, is likely to be supportive of commodity markets later in the year. Moreover, with commodities being priced in USD, European investors receive a currency benefit if local currencies posts further falls against the USD – a product of diverging monetary policy and the sluggish European growth.

Platinum defies precious metals trend with strongest inflows in 19 weeks. Reports of potential strikes at gold mining companies in South Africa appear to have prompted investors to deposit the largest amount of funds in long platinum ETPs since late January, fearing potential contagion in the mining sector. South Africa, a traditional hotbed of labour market unrest, is again experiencing tension between the two largest rival trade unions, the NUM and the AMCU over gold mining worker pay levels. Meanwhile palladium has traded to its lowest level in over two years after evidence of slowing Chinese auto sales. Palladium responded negatively to an announcement by the China Association of Automobile Manufacturers that sales fell 0.4% in May on a year earlier.

ETFS Industrial Metals (AIGI) inflows reverse prior trend. Investors are favouring broad industrial metals exposure at the expense of single commodity positions. AIGI received US$8mn in inflows, the largest in three weeks, as fundamental conditions appear to be tightening for a range of industrial metals. While individual industrial metals will continue to trade in line with their own fundamentals, we believe that an upside surprise in Chinese and European activity should be beneficial for the industrial metal complex, as policy makers from both jurisdictions continue to stimulate their economies.

Energy price gains prompt 12th consecutive weekly outflow from long oil ETPs as investors anticipate near-term correction. A further US$39.3mn was withdrawn from long oil ETPs last week, as investors continued to book profits ahead of a potential correction. US rig counts are appearing to stabilise at current price levels, with a decline of only four rigs last week. Investor positioning also highlights the near term pessimism for oil prices, with Brent and WTI positioning declining 44% and 5% on a month earlier, respectively.

Divergent agricultural outflows led by wheat and coffee. 
Broad based price declines prompted withdrawals from agricultural ETPs last week. The largest outflows in the agricultural sector since January was led by US$5.6mn outflows from wheat ETPs. The USDA surprisingly increased wheat supply forecasts for this year. Wheat had previously been rallying following excess rain in in the key growing areas in the US.

Key events to watch this week. Amongst a raft of central bank meeting this week, the FOMC meeting is the key event in the coming week, in order to gauge how far away the Fed is from the beginning of its tightening cycle. Other central banks (Bank of Japan and the ECB) will keep policy extremely loose, assisting the gradual recovery of their domestic economies.

Video Presentation

Martin Arnold, Research Analyst at ETF Securities provides an analysis of last week’s performance, flow and trading activity in commodity exchange traded products and a look at the week ahead.

Important Information

This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority.

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A pro-crypto agenda is underway

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• Trump’s crypto ally now leads the SEC, signaling the potential for a pro-crypto agenda • Bitcoin isn’t just for HODLing anymore, thanks to Babylon • The Dogecoin story: The emerging “intrinsic value
  • Trump’s crypto ally now leads the SEC, signaling the potential for a pro-crypto agenda
  • Bitcoin isn’t just for HODLing anymore, thanks to Babylon
  • The Dogecoin story: The emerging “intrinsic value”

Trump’s crypto ally now leads the SEC, signaling the potential for a pro-crypto agenda

Paul Atkins’ appointment as SEC Chair marks a significant turning point for cryptocurrency regulation in the United States. The cryptocurrency market embraced him, with both Bitcoin and Ethereum rallying up to 9% and 14% respectively in the immediate aftermath. Given Atkins’ background in the crypto space, the industry has welcomed his confirmation and anticipates that he may expedite the approval of several pending projects.

Bitcoin isn’t just for HODLing anymore, thanks to Babylon

Bitcoin is known for being one of the most secure blockchains out there. Now, a new project called Babylon is making waves by tapping into Bitcoin’s rock-solid security and bringing the staking feature to the Bitcoin world. Learn more about Bitcoin staking and its importance.

The Dogecoin story: The emerging “intrinsic value”

Dogecoin may have started as a meme, but it’s now a serious player in digital payments, offering fast, low-cost transactions to a passionate community driving real-world impact and innovation. The chart below underscores that real-world usage: it shows that cumulative transactions on the Dogecoin blockchain have surged over the past two years, effectively tripling in volume, all while transaction costs have remained remarkably low.

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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SPFS ETF investerar i globala hälsovårdsföretag

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SPDR MSCI World Health Care UCITS ETF (SPFS ETF) med ISIN IE00BYTRRB94, strävar efter att spåra MSCI World Health Care-index. MSCI World Health Care-index spårar hälsovårdssektorn på de utvecklade marknaderna över hela världen (GICS-sektorklassificering).

SPDR MSCI World Health Care UCITS ETF (SPFS ETF) med ISIN IE00BYTRRB94, strävar efter att spåra MSCI World Health Care-index. MSCI World Health Care-index spårar hälsovårdssektorn på de utvecklade marknaderna över hela världen (GICS-sektorklassificering).

Den börshandlade fondens TER (total cost ratio) uppgår till 0,30 % p.a. ETFen replikerar resultatet av det underliggande indexet genom full replikering (köper alla indexbeståndsdelar). Utdelningarna i ETFen ackumuleras och återinvesteras.

SPDR MSCI World Health Care UCITS ETF är en stor ETF med tillgångar på 531 miljoner euro under förvaltning. Denna ETF lanserades den 29 april 2016 och har sin hemvist i Irland.

Fondens mål

Fondens investeringsmål är att följa resultatet för företag inom hälso- och sjukvårdssektorn, över utvecklade marknader globalt.

Indexbeskrivning

MSCI World Health Care 35/20 Capped Index mäter utvecklingen för globala aktier som klassificeras som fallande inom hälsovårdssektorn, enligt Global Industry Classification Standard (GICS).

Handla SPFS

SPDR MSCI World Health Care UCITS ETF (SPFS ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra och London Stock Exchange.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel DEGIRONordnet, Aktieinvest och Avanza.

Börsnoteringar

BörsValutaKortnamn
gettexEURSS49
Borsa ItalianaEURWHEA
Euronext AmsterdamEURWHEA
London Stock ExchangeUSDWHEA
London Stock ExchangeGBPHEAW
SIX Swiss ExchangeUSDWHEA
XETRAEURSPFS

Största innehav

VärdepapperVikt %
Eli Lilly and Company9,43%
Novo Nordisk A/S Class B5,97%
UnitedHealth Group Incorporated5,88%
Johnson & Johnson4,56%
Merck & Co. Inc.4,14%
AbbVie Inc.3,77%
AstraZeneca PLC3,11%
Novartis AG2,76%
Thermo Fisher Scientific Inc.2,65%
Roche Holding Ltd Dividend Right Cert.2,47%

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Slakten av Magnificent 7 aktierna

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De amerikanska aktier som kollektivt går under namnet Mag7, också kända som Magnificent 7 aktierna har förlorat 4,4 biljoner dollar i marknadsvärde sedan toppen i december.

De amerikanska aktier som kollektivt går under namnet Mag7, också kända som Magnificent 7 aktierna har förlorat 4,4 biljoner dollar i marknadsvärde sedan toppen i december.

Detta är nästan dubbelt så mycket som värdet på den tyska aktiemarknaden. Dessa aktier återspeglar ~29 % av S&P 500-börsvärdet, en minskning från rekordhöga 34 %.

Vi skrev nyligen en artikel om tyska utdelningsaktier som du finner här

För den som letar efter investeringar i Tyskland klicka här

Källa: Global Markets Investor @GlobalMktObserv

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