Global markets continued their positive momentum last week, largely reversing the pullback experienced in April.
Key Highlights:- Market Performance: Europe emerged as the best performer, with the UK showing strong gains. Japan was a bit soft, while Australia saw the ASX 300 gain 1.8%. The US extended its rally, driven by strong earnings reports.
- Sector Performance: The real estate sector was a standout, with Australian A-REITs up 2.3% for the week. Global REITs returned 1.4%, and global infrastructure gained an impressive 2.1%.
- Bond Markets: Australian 10-year yields fell initially but have since risen, while US 10-year Treasury yields settled at 4.448%.
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