Scandinavian indices were some of the best performers of the past week, with Semis, Consumer Staples, and Gold Miners outperforming in the US. Pound sterling has rallied over the last week, along with stronger gold prices and rallies in Mexico and Germany, in part because of a big USDMXN decline (stronger peso) today. Natural gas, Russia, Indonesia, and high duration Treasuries are the worst performers over the last five days though Biotech, Pharma, and Banks also lagged.

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