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The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
Week ending 10th June 2022.
13th June 2022
After a positive start to the week, global equity markets fell as the weekend approached after the ECB outlined plans for higher Eurozone interest rates and US CPI inflation data for May disappointed. As expected, ECB policymakers yesterday (Thursday 9 June 2022) left interest rates unchanged.
Week ending 3rd June 2022.
6th June 2022
As you can see from the accompanying table, with long weekends in both the US and UK, it was a bit of a nothing week. The main theme of the week was again inflation.
Week ending 27th May 2022.
30th May 2022
Our view that central banks don’t need to aggressively increase interest rates is starting to sound much less controversial as global economic growth is showing signs of slowing.
Week ending 20th May 2022.
23rd May 2022
Global equity markets have been on a roller-coaster ride this week, as the market appears to be waking up to what we have been arguing ad-nauseum about for months: that significantly higher interest rates won’t bring down inflation but will hurt economic growth.
Week ending 13th May 2022.
16th May 2022
The end of the week brought Friday 13th – unlucky for some, but for many key markets it was a day of recovering early week losses.
Week ending 6th May 2022.
9th May 2022
This week equity markets were all about Fed and BoE monetary policy meetings. Given recent inflation data is screaming for higher interest rates, it was no surprise to us that both central banks increased interest rates: the Fed increased US interest rates by 0.50% and the BoE increased UK interest rates by 0.25%.