After a period of continuous growth stock markets fell last week, albeit only slightly. As a result, the broadest global stock index MSCI All Country World declined by 1.2%.
From a regional perspective, emerging markets performed again better, with the MSCI Emerging Markets index even recording a small gain of 0.3%. Developed markets declined by 1.4% according to the MSCI World index. The Central European region was among the losers as the CECEEUR index declined by 3.2%.
Bond markets did not do well either, with the broadest global bond index, Bloomberg Barclays, writing off 0.4%, while the average global bond yield to maturity remained close to the all-time low of 0.87%.
Commodity markets grew very slightly. S&P GSCI global commodity index strengthened by 0.7%. However, Brent crude depreciated 1.6% and ended the week at $ 55 a barrel. Gold weakened 0.3% to $ 1,830 per troy ounce.
Michal Stupavský
Investment Strategist at Conseq Investment Management, a.s.