Macro Extremes (week ending March 20, 2026)

A weekly Macro, Cross Asset review of prices trading at extremes which may generate future investment ideas and opportunities. 

The following assets (on a weekly timeframe) either registered an Overbought or Oversold reading and/or have traded more than 2.5 standard deviations above or below its rolling mean. 

n.b. pricing of (commodity) futures contracts is only considering the immediate front month. 

* denotes multiple week inclusion 

Extremes above the Mean (at least 2.5 standard deviations) 

10-year Austria, Belgian, Brazilian, Chilan, Czech, Spanish, British, Italian, Norwegian, Polish, Portuguese and U.S. government bond yields.

2-year Chilean and U.S. government bond yields.

3-year U.S. bond yields

5-year EU and U.S. bond yields

7-year U.S. bond yields

20 year U.S. bond yields

British 30-year bond yields

U.S. 5–7-year Investment Grade, High Yield and BB Rated yields

TBX

U.S. 5-year bond yield minus U.S. 3 month bill yield

U.S. 5-year bond yield minus U.S. inflation rate spread

Cotton

Palm Oil *

Sugar

Oats *

AUC/CHF *

Overbought (RSI > 70)  

Aussie 3-year government bond yields.

Australian and Japanese 5-year bond yields.

10-year Japanese bond yields

Australian Coking Coal

Rotterdam Coal *

Bloomberg Commodity Index *

North American Hot Rolled Coil Steel *

AUD/EUR *

AUD/GBP *

AUD/IDR

AUD/INR

AUD/JPY

AUD/SGD

CNH/USD

TAEIX *

KOSPI

OBX *

TA 35 Index *

The Overbought Quinella (Both Overbought and Traded at > 2.5 standard deviations above the weekly mean) 

Australian, EU, British and Italian 2-year government bond yields.

British 3 & 5 year bond yields

Indonesian and Greek 10-year government bond yields.

Richards Bay Coal *

Brent Crude Oil *

WTI Crude Oil *

Heating Oil *

JKM LNG in USD and Yen *

Newcastle Coal *

Gasoline *

S&P GSCI Index *

CRB Index *

Dutch TTF Gas *

Urea (U.S, Gulf and Middle East) *

Gasoil *

AUD/ZAR

AUD/THB *

Extremes below the Mean (at least 2.5 standard deviations) 

IEI

SHY

U.S. 10 year minus U.S. 2 year bond yield spread *

U.S. 5 year minus 2 year bond yield spread

U.S. 30 year minus U.S. 10 year bond yield spread

CHF/AUD *

KRW/USD *

CAC Index

IDX Composite *

DAX Index

Nasdaq Composite

S&P 500

ASX Industrials *

UAE’s DFM Index

Oversold (RSI < 30) 

EUR/AUD

GBP/AUD *

HKD/USD

JPY/AUD

The Oversold Quinella (Both Oversold and Traded at < 2.5 standard deviations below the weekly mean) 

Australian 10 year minus Aussie 2 year bond yield spread

Australian 10 year minus Aussie 5 year bond yield spread

NZD/AUD *

INR/USD

NIFTY *

SENSEX *

Notes & Ideas: 

Government bond yields rose, again.

More 10-year government bond yields joined the overbought list.

Many more yield spreads are on this week’s list.

And Chilean 2-year yields have risen for 7 consecutive weeks.

Equities continued their decline.

Austria’s ATX, Indonesia’s IDX, DJ Industrials, BOVESPA, S&P Small Cap 600, Russell 2000, Nasdaq Composite, KRE Regional Banks, S&P MidCap 400, Nasdaq 100, S&P 500, NIFTY and ASX Financials have all declined for 4 straight weeks.

China’s FCATC has fallen for 5 weeks.

Pakistan’s KSE has declined for 8 weeks.

Inversely, Norway’s OBX has risen for 8 weeks.

Australia’s Materials Index has slumped 20% within 3 weeks.

Indonesia’s IDX Composite man reverted having fallen 27% over the past 8 weeks.

And India’s NIFTY is at its lowest close since early April 2025.

Commodities were mixed, again.

Coal, Oils, LNG, Coffee, Sugar and Distillates were the notable gainers. 

Aluminium, Copper, Tn, Orange Juice, Palladium, Silver, Gold and Soybeans were amongst the decliners.

Gold in no longer overbought, no matter which currency.

Brent Crude, Heating Oil, WTI Crude, JKM LNG, Gasoline, CRB Index and Middle Eastern Urea have closed higher for 5 weeks straight.

Sugar #16 is in a 6-week winning streak.

Iron Ore fell and snapped 4 weeks of advance.

Soybeans fell and broke a 6 week winning streak

U.S. Gulf Urea prices have risen for 15 consecutive weeks.

And Copper is at its lowest weekly close since late November, 2025.

Currencies were quieter.

The Aussie rose and AUD pairs still feature amongst the extremes.

AUD/EUR fell and snapped a 12 week rising streak.

The Loonie was weaker.

The Euro rose.

The Kiwi rose against the Aussie and broke a 6 week losing run.

CAD/JPY fell and broke a 4 week winning streak.

While the Colombian Peso has declined for 5 weeks against the USD.

The larger advancers over the past week comprised of; 

Australian Coking Coal 3.6%, Richards Bay Coal 4.6%, Brent Crude 8.8%, WTI Crude 1.9%, Cotton 2.2%, Heating Oil 13.8%, JKM LNG 18.4%, Arabica Coffee 8.6%, Cattle 1.7%, JKM LNG in Yen9.5%, Newcastle Coal 7.5%, Gasoline 8%, Robusta Coffee 6.1%, Sugar 9.3%, Sugar #16 5.3%, Dutch TTF Gas 16.9%, Urea U.S. Gulf 3.2%, Gasoil 19%, KBW Banks 1.6%, EGX 1.8%, KOSPI 5.4%, SET 1.7%, STI 2.2%, TA35 3.3% and Dubai’s DFM Index rose 2.3%.

The group of largest decliners from the week included; 

Aluminium (8.8%), Lean Hogs (2.3%), Copper (6.6%), Lithium Carbonate (2.5%), Lithium Hydroxide (2.1%), Tin (8.4%), Natural Gas (2%), Orange Juice (19%), Palladium (8.5%), Platinum (3.5%), Uranium (2.9%), Silver in AUD (16.2%), Silver in USD (15.8%), Gold in AUD (11%), Gold in CAD (10.5%), Gold in CHF (10.8%), Gold in EUR (11.6%), Gold in GBP (11.2%), Gold in USD (10.5%), Gold in ZAR (10.2%), Oats (4.9%), Rice (2.5%), Soybean (5.2%), Wheat (3%), Shanghai Composite (3.4%), CSI 300 (2.2%), All World Developed ex USA (1.6%), AEX (4%), ATX (1.3%), CAC (3.1%), DAX (4.6%), DJ Industrials (2.3%), FCATC (4.3%), MIB (3.3%), IBB (2.3%), IBEX (2%), Russell 2000 (1.8%), Nasdaq Composite (2.1%), FTSE 250 (3.3%), S&P MidCap 400 (1.6%), Mexico (2.3%), Nasdaq 100 (2%), Copenhagen (2.7%), Helsinki (2.4%), Stockholm (5.1%), South Africa 40 (4.8%), SMI (4%), IGPA (1.7%), S&P 500 (1.9%), TSX (3.8%), FTSE (3.3%), Vietnam (2.9%), ASX 200 (2.2%), ASX Materials (7.1%), ASX Industrials (2.4%) and the ASX Smal Caps fell 4%.

March 22, 2026

By Rob Zdravevski 

rob@karriasset.com.au 

Macro Extremes (week ending November 28, 2025)

A weekly Macro, Cross Asset review of prices trading at extremes which may generate future investment ideas and opportunities. 

The following assets (on a weekly timeframe) either registered an Overbought or Oversold reading and/or have traded more than 2.5 standard deviations above or below its rolling mean. 

n.b. pricing of (commodity) futures contracts is only considering the immediate front month. 

* denotes multiple week inclusion 

Extremes above the Mean (at least 2.5 standard deviations) 

Australian government bond yield curve *

Baltic Dry Index

Tin

CAD/JPY *

CLP/USD

GBP/JPY *

Austria’s ATX equity index

Overbought (RSI > 70)  

Japanese 5 year government bond yield

Platinum

Silver

Gold

CHF/JPY *

EUR/JPY *

Hungary’s BUX Index *

Egypt’s EGX Index *

IBB biotech ETF *

Brazil’s Bovespa equity index

Pakistan’s KSE Index *

South Korea’s KOSPI

Nasdaq Biotech Index *

Czechia’s PX Index *

South Africa’s SA40 equity index

Chile’s IGPA *

Israel’s TA35 *

Canada’s TSX equity index

And the S&P Biotech ETF *

The Overbought Quinella (Both Overbought and Traded at > 2.5 standard deviations above the weekly mean) 

Australian 10 year minus U.S. 10 year bond yield spread

Korean and Japanese 10 year government bond yields

Extremes below the Mean (at least 2.5 standard deviations) 

Bitcoin

British 2 and 3 year bind yields

Polish 10 year government bond yield

Palm Oil

Cattle *

Dutch TTF Gas

And the ASX 200 equity index

Oversold (RSI < 30) 

U.S. 10 year bond yield divided by Australian 10 year yield spread

Richards Bay Coal *

Lumber *

Sugar #16

Rice *

The Oversold Quinella (Both Oversold and Traded at < 2.5 standard deviations below the weekly mean) 

Chile 10 year government bond yield

U.S. 10 year bond yield minus Aussie 10 year bond yield spread

Notes & Ideas: 

Government bond yields rose….

Except for those found in France, Spain and Great Britain.

The Australain 2 year bond yield is nearly overbought.

Kiwi and Japanese 10 year yields have climbed for 6 weeks,

While Czech 10 year yields fell and broke their 5 week advance.

Equities had a terrific week.

Bounces were seen everywhere.

Biotech’s added to its recent run higher.

Chile’s IGPA and IPSA indices are in a 7 week winning streak.
The All World Developed (ex USA) index rose and erased all of last week’s decline.

While the FCATC, S&P MidCap 400, SET, ASX 200, ASX Industrials and the Russell 2000 rose and snapped their 4 week losing streaks.

Commodities mostly firmed.

Shipping Rates, Cocoa, the precious metals, Orange Juice and Tin were the notable gainers. 

Heating Oil, LNG, Rice, Gasoil and Dutch TTF Gas dominated the losers category. 

Soybeans are in a 7 week winning streak.

U.S. Gulf Urea along with Wheat prices have fallen for 4 weeks.

Natural Gas have risen for 6 weeks and has soared 30% over that time.

Cocoa and Lumber rose and broke their 5 week losing streaks.

Orange Juice soared 10% and halted a 4 week decline.

Cattle rose and ended its 6 week losing streak.

And Lean Hogs rose 4% and snapped an 8 week slump.

Currencies moved in stealth mode.

The Yen’s weakness sees it various pairs in this week’s list of extremes.

The Aussie rose.

The Euro was mixed.

The USD was lower,

And the USD/Chinese Yuan is approaching oversold levels.

And Bitcoin (in USD) rose and broke its 4 week losing streak.

The larger advancers over the past week comprised of; 

Richard Bay Coal 1.9%, Aluminium 3.5%, Rotterdam Coal 2%, Bloomberg Commodity Index 2.7%, Baltic Dry Index 6.8%, Cocoa 6.7%, Lean Hogs 3.6%, Copper 3.3%, Tin 2.6%, Natural Gas 3.1%, Nickel 2.4%, Orange Juice 9.6%, Palladium 5.9%, Plarinum 10.6%, Sugar 2.9%, SPGSCI 1.6%, CRB Index 2%, Silver in AUD 11.1%, Silver in USD 12.7%, Gold rose between 2%-4% in various currencies, Corn 2%, Oats 3.2%, Shanghai Composite 1.4%, CSI 300 1.6%, All World Developed ex USA 3.4%, AEX 1.8%, ATX 4.6%, BKX 4.1%, BUX 2.1%, CAC 1.8%, DAX 3.2%, DJ Industrials 3.2%, DJ Transports 3.6%, FCATC 4.7%, MIB 1.6%, HSCEI 2.4%, Hang Seng 2.5%, IBB 3.8%, IBEX 3.5%, Bovespa 2.8%, S&P Small Cap 600 4.6%, Russell 2000 5.6%, TAIEX 4.5%, Nasdaq Composite 4.9%, KRE Regional Banks 2.2%, KSE 2.8%, Kospi 1.9%, FTSE 250 3.8%, S&P MidCap 400 4%, Mexico 2.8%, NBI Biotech ETF 3.8%, Nasdaq 100 4.9%, Nikkei 225 3.4%, Oslo 1.6%, Copenhagen 3%, Helsinki 2.7%, Stockholm 3.3%, PX 2.6%, SMI 1.6%, SOX 9.7%, IGPA 3%, S&P 500 3.7%, Nasdaq Transports 4.8%, TSX 4.1%, FTSE 100 1.9%, Vietnam 2.2%, WIG 2.7%, XBI 5.6%, ASX 200 2.4%, ASX Materials 5%, ASX Industrials 4.2% and the ASX Small Caps rose 5.8%.

The group of largest decliners from the week included; 

Heating Oil (3.8%), JKM LNG (3.3%), LNG in Yen (8%), Newcastle Coal (1.7%), Sugar #16 (1.6%), Dutch TTF Gas (5.1%), Gasoil (3.7%) and Rice fell 3.5%.

November 30, 2025 

By Rob Zdravevski 

rob@karriasset.com.au 

Macro Extremes (week ending September 12, 2025)

A weekly Macro, Cross Asset review of prices trading at extremes which may generate future investment ideas and opportunities. 

The following assets (on a weekly timeframe) either registered an Overbought or Oversold reading and/or have traded more than 2.5 standard deviations above or below its rolling mean. 

n.b. pricing of (commodity) futures contracts is only considering the immediate front month. 

* denotes multiple week inclusion 

Extremes above the Mean (at least 2.5 standard deviations) 

Chinese & Dutch 10 year government bond yields *

IEF & TLT *

Australian 10 year minus U.S. 10 year bond yield spread *

Gold in AUD, CHF, EUR, GBP and ZAR

AUD/IDR *

AUD/CAD *

AUD/SGD

AUD/USD

And Brazil’s BOVESPA equity index * 

Overbought (RSI > 70)  

Urea (Middle East) prices * 

Silver in USD *

Shanghai Composite Index *  

CSI 300 *

China A50

China’s FCATC

Taiwan’s TAIEX

Nasdaq Composite

Pakistan’s KSE Index * 

South Korea’s KOSPI * 

Japan’s Nikkei 225

Czechia’s PX Index *

South Africa’s SA40 *

Chile’s IGPA and IPSA indices * 

Singapore’s Strait Times 

Israel’s TA 35 Index *

Canada’s TSX *  

Vietnam’s VN Index * 

And the ASX Small Cap Index * 

The Overbought Quinella (Both Overbought and Traded at > 2.5 standard deviations above the weekly mean) 

Gold in USD and CAD *

AUD/INR

IPC Mexico equity index *

Extremes below the Mean (at least 2.5 standard deviations) 

New Zealand 10 year government bond yield  

Australian 10 year bond yield minus its 5 year bond yield

TBT

U.S. 3, 5, 7, 10, 20 and 30 year bond yields

U.S. 10 year bond yield minus 10 year breakeven inflation rate

Newcastle Coal

AUD/THB

CAD/AUD

USD/SEK

And Philippines’ PSI equity index 

Oversold (RSI < 30) 

Rice

The Oversold Quinella (Both Oversold and Traded at < 2.5 standard deviations below the weekly mean) 

U.S. 3 month bill yield *

Richards Bay Coal

Lumber *

Notes & Ideas: 

Government bond yields rose, except for U.S. and UK 30’s, which rose.

Last week’s overbought sovereign 10’s are no longer.

U.S. corporate bond yields (and the high yield effective yield) are a whisker from oversold levels and at are at their most oversold since December 2020.

The U.S. 5 year breakeven rate bounced out of oversold territory.

Canadian 10 year yields have fallen for 4 weeks.

U.S. 7 year bond yields mean converged.

U.S. 2 and 30 year yields rose and broke for their 4 weeks falling streak.

And the U.S  10 year minus inflation rate spread is at its most oversold level since March 2022.

Equities were firmer, again.

The overbought list grew this week with notable new entrants including the Nasdaq Composite and the Nikkei 225.

Chinese indices are crowding the overbought list too.

Amidst all the concerns surrounding tariffs, Mexico has registered an overbought quinella.

The Dow Jones Transports have fallen for 3 weeks while the Philippines PSE has slumped for 5 weeks.

The Strait Times is in a 4 week wining streak.

Bovespa fell and broke a 5 week winning streak.

The Russell 2000, TSX and ASX Small Caps have put together a 6 week winning streak.

And the S&P 500 has risen for 9 of the past 12 weeks.

Commodities were generally stronger.

Crude Oil, Aluminium, Coffee, Orange Juice, Shipping Rates and Corn were amongst the notable gainers. 

Coal, Rice, Natural Gas, Cattle and Lithium Carbonate dominated the losers category. 

Sugar rose from being oversold with Rice taking its place.

The Copper/Gold ratio is nearing oversold levels.

Corn, Lean Hogs, Silver in AUD & USD along with Gold in AUD, CAD, CHF, and EUR are all in a 4 week rising streak.

Platinum has risen for 6 weeks.

Cocoa has declined for 4 weeks.

Richards Bay Coal, Lumber and U.S. Gulf urea prices are in 6 week losing streaks.

Currencies were active, again.

The Aussie rose notably.

While the Yen, Loonie and the Euro fell.

The Swissie has risen against the Yen for 4 weeks.

The CHF/USD has climbed for 5 weeks.

USD/SEK has declined for 6 weeks.

And the NZD/AUD is a 7 week losing streak.

The larger advancers over the past week comprised of; 

Aluminium 3.6%, Brent Crude 2.3%, Baltic Dry Index 7.4%, WTI Crude 1.3%, Copper 2.2%, Arabica 6.2%, Orange Juice 6.2%, Palladium 10.8%, Platinum 1.8%, Robusta Coffee 6.8%, Sugar 1.5%, Tin 1.9%, Dutch TTF Gas 2.2%, Gasoil 1.8%, Silver in USD 2.9%, Gold in CAD 1.7%, Gold in USD 1.6%, Corn 2.9%, Soybeans 1.9%, Shanghai Composite 1.5%, KBW Banks 2%, CAC 2%, China A50 2.1%, FCATC 6.4%, MIB 2.3%, HSCEI 3.4%, Hang Seng 3.8%, IBEX 3.1%, TAEIX 4%, Nasdaq Composite 2%, KLSE 1.4%, KOSPI 5.9%, Mexico 2.2%, Nasdaq 100 1.9%, Nikkei 225 4.1%, Nifty 1.5%, Oslo 1.8%, Helsinki 1.5%, South Africa 3.1%, Sensex 1.5%, SET 2.3%, SOX 4.2%, TA35 1.5% and the S&P 500 rose 1.6%.

The group of largest decliners from the week included; 

Richards Bay Coal (2.4%), Rotterdam Coal (2.4%), EHR (2%), Cattle (2.5%), Lithium Carbonate (2.2%), Newcastle Coal (7.5%), Natural Gas (3.5%), Rice (3.3%), BUX (1.9%), IBB (1.5%), NBI (1.6%), SMI (1.4%), IGPA (2.1%), IPSA (2.4%), BIST (3.3%) and the ASX Industrials index fell 1.3%.

September 13, 2025 

By Rob Zdravevski 

rob@karriasset.com.au 

Macro Extremes (week ending April 25, 2025)

A weekly Macro, Cross Asset review of prices trading at extremes which may generate future investment ideas and opportunities.

The following assets (on a weekly timeframe) either registered an Overbought or Oversold reading and/or have traded more than 2.5 standard deviations above or below its rolling mean.

n.b. pricing of (commodity) futures contracts is only considering the immediate front month.

* denotes multiple week inclusion

Extremes above the Mean (at least 2.5 standard deviations)

Australian government 10 year bond yield minus the Aust. 2 year bond yield spread *

AUD/IDR *

AUD/ZAR *

CAD/USD *

JPY/USD

NZD/AUD *

NZD/USD *

PHP/USD *

THB/USD *

Overbought (RSI > 70) 

U.S. 10 year minus U.S. 2 year bond yield spread *

U.S. 30 year minus U.S. 10 year bond yield spread *

Urea (U.S. Gulf) *

USD/IDR

Czechia’s PX Index

Chile’s IGPA and IPSA equity indices

The Overbought Quinella (Both Overbought and Traded at > 2.5 standard deviations above the weekly mean)

U.S. 10 year minus U.S. 5 year bond yield spread *

Gold in AUD, CAD, EUR, GBP, USD and ZAR *

EUR/USD * 

Extremes below the Mean (at least 2.5 standard deviations)

Australian 3 & 5 year bond yields *

German and Italian 2 year bond yields *

South Korean 10 year bond yields *

Copper/Gold Ratio *

CAD/CHF *

USD/CAD *

USD/MXN *

USD/SGD

Oversold (RSI < 30)

Richards Bay Coal *

U.S. (DXY) Dollar Index

North European Hot Rolled Coil Steel

Lithium Carbonate *

Lithium Hydroxide *

Newcastle Coal *

Rubber *

USD/SEK *

Dow Jones Transports *

Nasdaq Transports *

And Thailand’s SET Index *

The Oversold Quinella (Both Oversold and Traded at < 2.5 standard deviations below the weekly mean)

Australian 2 year government bond yield

Indian 10 year government bond yield *

Notes & Ideas:

Government bond yields were mixed.

The non-investment grade bond yields aren’t overbought anymore.

Chilean 2 year bond yields have fallen for 4 straight weeks.

Norwegian & Indian 10 year yields are in a 6 week declining streak.

Notably, Australian 3 and 5 year yields are oversold.

German 10’s have fallen for 6 straight weeks while German 2’s broke 6 weeks of declines.

The latter also reverted to a long term mean.

Chinese 10’s broke 4 week losing streak.

Polish 10 year yields rose and broke a 6 week losing streak.

Equities rose, everywhere.

Equities had a another stellar week.

As a result, this week several equity indices have left the oversold list.

Many indices are in 3 week rising streaks.

For example, the DAX has risen 9% in the past fortnight.

And as mentioned in last week edition, for now, continues to look like April 4th-7th may signal the lows for global equities. 

Commodities were mainly higher, again.

The largest winners were Cocoa, Coffee, Oats, Tin, Hogs, Tin and Shipping Rates.

Gold fell (albeit slightly) across various currency pricing.

Gases, Orange Juice, Palladium, Rice and Wheat were counted amongst the few losers.

Natural Gas is in a 4 week losing streak.

U.S. Gulf Urea prices have risen for 4 straight weeks.

The Baltic Dry Index snapped it 5 straight weeks of decline. 

Sugar broke its 4 week losing streak. 

Gold as priced in ZAR ended its 6 weeks of advance. 

And Gold in AUD 7 week winning streak also came to an end.

while Lithium Hydroxide has been oversold territory for 99 consecutive weeks.

Currencies were very active, again.

A few currency pairs have left the list this week.

Commensurate with the ‘risk-on’ environment, the Aussie rose while the Yen and Swissie fell.

The British Pound was stronger again.

The Loonie was mixed.

The Euro is overbought against the USD.

The USD/JPY is at oversold levels.

And the U.S. Dollar (DXY) Index barely rose to break its 5 consecutive weeks of decline and it did drag it out of oversold territory.

The larger advancers over the past week comprised of;

Aluminium 1.4%, Baltic Dry Index 8.8%, Cocoa 13.2%, Cotton 2.5%, Lean Hogs 3.2%, Copper 2.1%, U.S. Midwest HRC 3.4%, Coffee 7.3%, Cattle 2.1%, Tin 4.4%, Robusta Coffee 2.3%, Sugar 2.2%, Uranium 2.4%, Silver in USD 1.8%, Oats 5.2%, Palm Oil 2.1%, All World Developed ex USA 2.5%, AEX 2.4%, AEX 3.7%, KBW Banks 5.7%, BUX 6.8%, CAC 3.4%, DAX 4.9%, DJ Industrials 2.5%, Egypt 1.9%, MIB 3.8%, HSCEI 2.3%, Hang Seng 2.7%, IBEX 3.4%, BOVESPA 3.9%, IDX 3.9%, S&P SmallCap 600 3.7%, Russell 2000 4.1%, TAIEX 2.5%, Nasdaq Composite 6.7%, KRE Regional Banks 4.9%, KOSPI 2.5%, FTSE 250 1.9%, S&P MidCap 400 3.1%, Mexico 7%, Nasdaq Biotechs 4.1%, Nasdaq 100 6.4%, Nikkei 225 2.8%, Stockholm 3%, PSI 2.2%, SMI 2.4%, SOX 10.9%, S&P 500 4.6%, IPSA & IGPA 2.2%, STI 2.8%, TSX 2.1%, FTSE 100 1.7%, WIG 5.3%, ASX Financials 2.8%, ASX 200 2.8%, IBB Biotech ETF 4.2% and XBI Biotech ETF rose 5.7%.

The group of largest decliners from the week included;

WTI Crude Oil (1.6%), JKM LNG (6.7%), JKM LNG in Yen (5.7%), Newcastle Coal (1.8%), Natural Gas (9.5%), Orange Juice (12.9%), Palladium (2.5%), Dutch TTF Gas (9%), Rice (2.1%) and Wheat fell 3.1%.

April 27, 2025

By Rob Zdravevski

rob@karriasset.com.au