Commodity Calls: Week Ending 28 June 2024
Japan discovers trove of battery metals in the Pacific, US oil producers investigated for collusion, and copper stockpiles show signs of returning ... By Justin Lin
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Japan discovers trove of battery metals in the Pacific, US oil producers investigated for collusion, and copper stockpiles show signs of returning ... By Justin Lin
Cybersecurity ETFs (BUGG) were thrust into the spotlight after CDK Global, a major car dealership software provider, was hacked, leaving 15,000 car ... By Justin Lin
Global demand for artificial intelligence (AI) memory chips is reshaping South Korea’s economy. Over the past year, South Korea has experienced a ... By Justin Lin
Thousands of car dealerships across the US and Canada were left paralysed after CDK Global, a major software provider, was hacked.1 CDK’s ... By Justin Lin
Chinese refineries send copper overseas, India snaps up discounted Russian oil, and US encourages nuclear energy innovation. Join Global X each week ... By Justin Lin
Platinum group metals (ETPMPD, ETPMPT), also known as PGMs, were the top performing assets of the week. Spot palladium prices hit one-month ... By Justin Lin
The world is a constantly evolving organism, and as it evolves, megatrends emerge. Megatrends are shifts in society that usually come in ... By Justin Lin
Risk-on, big tech ETFs (FANG, HNDQ, LNAS, SEMI) were the top performers last week after data releases in the US showed slowing ... By Justin Lin
Despite previous blockages, Tesla shareholders have voted with 72% in favour to re-ratify a US$56 billion pay package for Elon Musk.1 The ... By Justin Lin
Serbia is set to open Europe’s largest lithium mine, US citizens show love for nuclear energy, and Russia vows to cut back ... By Justin Lin
Crude oil demand rises thanks to jet-setting tourists, the Chinese central bank pauses gold purchases, and copper needs 194 new mines to ... By Justin Lin
Apple’s widely anticipated annual Worldwide Developers Conference (WWDC) kicked off at the beginning of this week and as expected, the focus was ... By Justin Lin
Crypto ETFs (CRYP, EBTC) were the top performing assets of the week as Bitcoin retested all-time highs, reaching US$72,000 on a surge ... By Justin Lin
Bitcoin’s status as a mere digital store of value could be changing. Momentum is building in the Bitcoin community for a change ... By Justin Lin
OPEC+ sends mixed messages on supply cuts, BHP fails to acquire Anglo American, and gold waits on European Central Bank’s rate decision. ... By Justin Lin
Short equity funds (SNAS) beat the market last week as the Nasdaq and S&P 500 snapped a five-week win streak on poor ... By Justin Lin
Silver is one of the most overlooked investments in the world of commodities. Despite its many unique qualities, it often sits unwarrantedly ... By Justin Lin
Infrastructure is one of the backbones of economic prosperity and societal well-being, and here, in the 21st century, it has never been ... By Justin Lin
Copper smelters fight for scraps, China buys the dip on cobalt, and OPEC+ looks to extend production cuts on oil. Join Global ... By Justin Lin
The global battle for high tech computer chip dominance is heating up with China recently announcing its largest ever semiconductor investment fund.1 ... By Justin Lin
Ethereum (EETH) was the best performing asset of the week as investors celebrated the SEC’s approval of 19b-4 filings allowing US exchanges ... By Justin Lin
Crypto ETFs (CRYP, EBTC, EETH) were the top performers last week as the industry prepared for the SEC’s impending decision of whether ... By Justin Lin
US slams ban on Russian uranium, rising rate-cut sentiment buoys crude oil price, and copper experiences the short squeeze of a lifetime. ... By Justin Lin
Artificial intelligence (AI) is once again sending shockwaves across the stock market, thanks to a new invention from OpenAI. Last week, the ... By Justin Lin
Precious metals and their miners (ETPMAG, MNRS, GDX, ETPMPM, ETPMPD, GLDN) were the top performers of the week. Renewed US rate-cut optimism ... By Justin Lin
Apple has reportedly closed in on a deal with ChatGPT creator OpenAI to bring the startup’s artificial intelligence (AI) services to the ... By Justin Lin
India secures its lithium pipeline, China starts importing more oil, and improving rate-cut odds buoy copper sentiment. Join Global X each week ... By Justin Lin
With AI enjoying increased attention this year, the topic of its excess energy usage and greenhouse gas (GHG) emissions has come into ... By Justin Lin
Risk-on, rate-reliant industries (CLNE, CURE, ERTH, HGEN, TANN) such as biotech and clean energy technologies, were the top performers of the week ... By Justin Lin
Amazon Inc. is putting all its chips on CrowdStrike as its cybersecurity provider. In an exclusive partnership with CrowdStrike, Amazon Web Services ... By Justin Lin
Gold rejoices on poor US data, mining giants take turns bidding on copper, and overproducing oil nations get a slap on the ... By Justin Lin
Risk-on tech-oriented ETFs (CRYP, GGUS, IBUY, LNAS, SEMI) outperformed last week after a busy week of US earnings saw over 80% of ... By Justin Lin
As of April 27th, 57% of the S&P 500 had reported, with average earnings per share across the market 5% ahead of ... By Justin Lin
Gold rallies on rising geopolitical tensions, crude oil demands a war-risk premium, and copper supply stays lacking. Join Global X each week ... By Justin Lin
Over the past few years, technology and artificial intelligence (AI) related stocks have garnered significant attention due to their innovation and outperformance. ... By Justin Lin
US sanctions Venezuelan oil, China cannot get enough gold, and copper touches 22-month highs as industry top dogs meet. Join Global X ... By Justin Lin
Artificial Intelligence and Big Tech The third major earning season of the 2024 financial year is quickly approaching, and all eyes will ... By Justin Lin
Bitcoin has been one of the best performing assets of 2024. At its peak of US$73,000 in March, it had returned more ... By Justin Lin
Gold rallies on rising geopolitical tensions, crude oil demands a war-risk premium, and copper supply stays lacking. Join Global X each week ... By Justin Lin
Carbon credits (GCO2, XCO2) were the best performing assets last week after the UN’s Carbon Emissions Watch Dog announced that it will ... By Justin Lin
Mexico halts crude oil exports, China keeps buying gold, and Goldman gives uranium the stamp of approval. Join Global X each week ... By Justin Lin
Silver (ETPMAG) was the top performing asset of the week as it rallied in response to gold hitting new all-time highs.1 The ... By Justin Lin
Amazon has announced it will invest an additional US$2.75 billion in Anthropic, a prominent AI startup and rival to OpenAI, known for ... By Justin Lin
Achieving and using Artificial Intelligence (AI) has been one of the longest-running pursuits in computer science. With the release of ChatGPT, the ... By Justin Lin
Xiaomi Corp, a Chinese firm mainly known for mobile phones and electric scooters, has successfully made its first foray into the EV ... By Justin Lin
Western Australia urged to reconsider uranium bans, US sanctions weigh down crude oil shipping, and gold rises on Fed’s rate cut promise. ... By Justin Lin
Crypto ETFs (EBTC, EETH) were the top performers of the week as investors geared up for the impending Bitcoin ‘halving’.1 Historically, Bitcoin’s ... By Justin Lin
Nvidia will launch a new generation of GPU chipsets to succeed its current, wildly successful Hopper AI products. The new platform named ... By Justin Lin
Australian rare earth miners get US backing, Congo overtakes Peru in copper output, and gold hits all-time highs as Fed confirms rate ... By Justin Lin
Risk-on, technology ETFs (FANG, GGUS, LNAS, SEMI, TANN) were the top performers last week after Fed chair Jerome Powell allayed investor concerns ... By Justin Lin
According to Bloomberg NEF, China added 216.9 gigawatts of solar power in 2023.1 That number is staggering for a few reasons. For ... By Justin Lin
Chinese youth scramble for gold beans, Russian oil refineries are hit in drone strikes, and copper touches 11-month highs on supply concerns. ... By Justin Lin
Electrification and transition-critical metals ETFs (GMTL, WIRE, XMET) were the top performers of the week after Chinese copper smelters agreed to temporarily ... By Justin Lin
India has signed a free trade agreement with the EFTA – a four-country bloc in Europe consisting of Switzerland, Norway, Iceland, and ... By Justin Lin
Gold rallies to all-time-highs, Japanese nuclear plants come back online, and platinum group metal (PGM) miners start to feel the pain. Join ... By Justin Lin
Crypto ETFs (EBTC, EETH) were the best performers last week as Bitcoin surged passed US$70,000 to new all-time highs on positive sentiment ... By Justin Lin
Most investors across the world buy shares to achieve capital growth. In the US for example, 64% of investors have ‘investing to ... By Justin Lin
The US’s uranium enrichment industry gets a US$2.7 billion boost, growing lithium demand pulls US and Chile closer, and gold rallies to ... By Justin Lin
After a decade of rumoured development, insiders at Apple have revealed the highly anticipated Apple EV project codenamed “Project Titan” has been ... By Justin Lin
Crypto ETFs (CRYP, EBTC, EETH) were the top performers of the week after Bitcoin hit an all-time Australian dollar high of $100,000.1 ... By Justin Lin
With the rise of deep learning artificial intelligence (AI) and large language models (LLMs), the topic of excess energy usage, as well ... By Justin Lin
India’s biggest company by market cap, Reliance Industries, is looking to expand its already extensive investment portfolio with significant forays into both ... By Justin Lin
Pilbara Minerals sees an end to lithium’s plight, copper prices could rally 6% on Fed rate cut, and gold edges higher as ... By Justin Lin
Ethereum (EETH) was the top performing asset of the week as investors geared up in anticipation of the ‘Dencun’ upgrade, a system-wide ... By Justin Lin
Crypto ETFs (CRYP, EBTC, EETH) dominated the top performers list once again as Bitcoin surged to US$52,000, its highest mark since 2021.1 ... By Justin Lin
Crude oil looks to rise as geopolitical tensions return to the Middle East, precious metals remain dependent on the Fed’s rate-cut narrative, ... By Justin Lin
OpenAI, creators of ChatGPT, announced a new artificial intelligence model named ‘Sora’ which can seemingly create photorealistic videos from user-inputted text prompts. ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Crypto ETFs (CRYP, ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Uranium ETFs (ATOM, ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Crude Oil (OOO) ... By Justin Lin
Financial markets last year were defined by the rise of Artificial Intelligence (AI), with some analysts describing AI as the “saviour” of ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Semiconductor firms and ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Ethereum (EETH) was the ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Inverse bond and equity ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Physical palladium (ETPMPD) was ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Looking for our Digital ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Risk-on, tech-oriented ETFs ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Cryptocurrency ETFs (CRYP, ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Clean energy ETFs ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Looking for our Digital ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Risk-on and leveraged ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Cryptocurrency ETFs (CRYP, ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Bitcoin ETFs (EBTC) ... By Justin Lin
“Core ETFs” typically refer to a group of exchange-traded funds that help form the foundation of a portfolio. These ETFs are designed ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Physical gold and ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Looking for our Digital ... By Justin Lin
From smartphones and laptops to medical devices and advanced automotive systems, semiconductors have become one of the most critical resources in the ... By Justin Lin
As modern enterprises become increasingly reliant on digital economies and ecosystems, the need for on-demand flexibility and integration has never been more ... By Justin Lin
Popularised by CNBC “Mad Money” show host Jim Cramer, the terms ‘magnificent seven’, ‘MAMAAs’, or ‘FANGs’ are used in the financial space ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Uranium ETFs (ATOM, ... By Justin Lin
Over recent decades, the US has birthed an eclectic mix of innovative and disruptive companies. These budding growth stories have developed into ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Short equity funds ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Uranium ETFs (ATOM, ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Looking for our Digital ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Risk-on investments (CRYP, ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Uranium ETFs (ATOM, ... By Justin Lin
Over the past two decades, technology stocks have garnered significant attention due to their innovation and outperformance. Big tech giants, such as ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Short equity funds (BBOZ, ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Looking for our Digital ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Short US ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. China-focused ETFs ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Healthcare ETFs ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. Risk assets ... By Justin Lin
ETF Express is Global X’s weekly coverage of the latest ETF Market Moves, Thematic Spotlight and Commodity Calls. For crypto enthusiasts, don’t ... By Justin Lin
It was a strong week for global equities as tech and risk-on ETFs (CRYP, DRIV, GGUS, TECH) performed well. US financial companies ... By Justin Lin
Copper is known in the financial markets as “Doctor Copper” due to its tendency to predict turning points in the global economy. ... By Justin Lin
Crypto ETFs (EBTC, EETH, CRYP) dominated the top performers last week after BlackRock stunned the market with a filing for a Bitcoin ... By Justin Lin
Geared equity funds (LNAS, GEAR, GGUS) dominated the top performers last week as the Fed paused rate hikes for the month. CPI ... By Justin Lin
When considering investments in precious metals, silver is often overlooked in asset allocation despite having many unique beneficial attributes of its own. ... By Justin Lin
Carbon allowance ETFs (GCO2, XCO2) topped the performance charts last week after a recent assessment of global government policies on greenhouse gasses ... By Justin Lin
Uranium and nuclear energy ETFs (ATOM, URNM) topped the performance charts last week as the ADVANCE (Accelerating Deployment of Versatile Advanced Nuclear ... By Justin Lin
Technology and AI-adjacent ETFs (SEMI, FANG, ASIA, CLDD, HACK, HYGG, LNAS, LPGD, NDQ) dominated last week as Nvidia’s record breaking earnings kickstarted ... By Justin Lin
Tech heavy ETFs (CLDD, FANG, HYGG, LNAS, LPGD, RBTZ, SEMI, CRYP) dominated the top performance charts last week. Artificial intelligence (AI) has ... By Justin Lin
Editor’s Note: Popularised by CNBC show “Mad Money” host Jim Cramer, the FANG acronym has been a mainstay in the financial space ... By Justin Lin
Platinum group metals (ETPMPD, ETPMPT) topped the performance chart last week as China announced that it will implement upgraded emission standards for ... By Justin Lin
Gold and gold miner ETFs (GDX, MNRS, QAU) were the theme across the top performers list last week as gold rallied above ... By Justin Lin
Crypto and Bitcoin ETFs (CRYP, EBTC) were top performers for the week, returning to the spotlight as the collapse of First Republic ... By Justin Lin
Investors looking to consider international equities are often quickly swayed towards US funds or even emerging markets, but there may be a ... By Justin Lin
Platinum group metals or PGMs (ETPMPD, ETPMPT) were standout performers last week as China’s GDP surprised, growing 4.5% in the first three ... By Justin Lin
Crypto ETFs (CRYP, EETH, EBTC) stole the show last week as Ethereum completed its milestone Shanghai upgrade, and Bitcoin rallied above USD ... By Justin Lin
Gold miner ETFs (GDX, MNRS) were top performers last week as gold prices surged to all-time Australian dollar highs and Newmont Corp’s ... By Justin Lin
Crude oil (OOO) was a standout performer last week as Russia declared it’s close to fully implementing a 500,000-barrels daily output cut ... By Justin Lin
Bitcoin and silver funds (EBTC, ETPMAG) were top performers once again as investors flocked to uncorrelated assets to hedge against global banking ... By Justin Lin
Decarbonisation is one of the great challenges of the 21st century, and electrification has risen as our weapon of choice to tackle ... By Justin Lin
Short US equity funds (BBUS, SNAS) topped the performance charts last week as the banking sector crashed, catalysed by the collapse of ... By Justin Lin
Commodity and resource sector ETFs (WIRE, GDX, OZR, QRE, ETPMPT, XMET) were top performers last week as strong economic data in China ... By Justin Lin
Short US equity funds (SNAS, BBUS), which bet against the US share market, outperformed last week as US stocks plunged on the ... By Justin Lin
Cryptocurrency ETFs (EETH, EBTC, CRYP) were top performers last week as traders looked past recent crypto crackdowns and Bitcoin rebounded above $25,000 ... By Justin Lin
Crude oil and energy ETFs (OOO, FUEL) were top performers last week as Russia retaliated against western energy sanctions through massive cuts ... By Justin Lin
Tech-related ETFs (FANG, TECH, SEMI, LNAS) dominated the top performers’ chart last week as markets rallied on an expected 25bps rate hike. Investors ... By Justin Lin
The world’s energy needs are growing rapidly, subsequently energy security and supply concerns are coming into play – particularly as net-zero by ... By Justin Lin
Growth and tech-related ETFs (FANG, DRIV, HYGG, HNDQ, ESPO, LNAS) were the top performers last week as US Q4 GDP figures beat ... By Justin Lin
Crypto ETFs (EBTC, EETH, CRYP) continued their hot streak last week, topping the performers chart once again as lower interest rate expectations ... By Justin Lin
Crypto ETFs (EBTC, EETH, CRYP, FTEC) found some much-needed relief last week as Bitcoin and Ethereum surged over 10%. Crypto was hammered ... By Justin Lin
China-focussed ETFs (IZZ, ASIA, IAA) were the top performers last week as the Chinese stock market smiled upon a policy overhaul. Easing ... By Justin Lin
Inverse funds (SNAS, BBUS, BBOZ) dominated the top performers list once again last week as US stocks underperformed. Investors which bet on ... By Justin Lin
Inverse funds (SNAS, BBUS, BBOZ, BEAR) stole the show last week, leading the top performers as stocks underperformed in the lead up ... By Justin Lin
In the world’s continued search for clean energy, many eyes are falling on nuclear energy. With its reliable and carbon-free output, nuclear ... By Justin Lin
The world runs on electricity, and electricity runs on copper. From cars to aeroplanes, solar panels to wind turbines, copper is one ... By Justin Lin
Chinese focussed ETFs were amongst the top performers last week as investors rode a wave of optimism on the possibility of a ... By Justin Lin
As the world transitions to clean energy, ‘green’ metals are set to be in record demand. Renewable energy requires far more metal ... By Justin Lin
As the world embraces the energy transition, mining and metals companies stand to be major winners. Creating and storing renewable energy requires ... By Justin Lin
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The information provided in this document is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information in this document, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD.
This document has been prepared by Global X from sources which Global X believes to be correct. However, none of Global X, the group of companies which Mirae Asset Global Investments Co., Ltd is the parent or their related entities, nor any of their respective directors, employees or agents make any representation or warranty as to, or assume any responsibility for the accuracy or completeness of, or any errors or omissions in, any information or statement of opinion contained in this document or in any accompanying, previous or subsequent material or presentation. To the maximum extent permitted by law, Global X and each of those persons disclaim all any responsibility or liability for any loss or damage which may be suffered by any person relying upon any information contained in, or any omissions from, this document.
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The value or return of an investment will fluctuate and an investor may lose some or all of their investment. All fees and costs are inclusive of GST and net of any applicable input tax credits and reduced input tax credits, and are shown without any other adjustment in relation to any tax deduction available to Global X. Past performance is not a reliable indicator of future performance.