The unfolding crisis in Ukraine dominated the headlines last week as Russian forces invaded the country during the early hours of Thursday morning. The event has sparked severe humanitarian concerns, with hundreds of thousands of refugees already reported by some news outlets, as civilians look
Western financial markets wobbled last week after US economic figures revealed inflation hit 7.5% in January. This is at its the highest level of inflation in the US since 1982 – and prompting fears that households are about to experience a historic squeeze on the cost
Global markets remained volatile last week as traders assessed mixed results from some of the tech giants, while rising interest rates and fuel prices also added to market pressures. On Friday, the price of a barrel of brent crude oil reached a seven year high. Meanwhile,
Global equities had one of their worst weeks in the past 12 months last week. The FTSE All World index fell over 4% over the week, marking its steepest weekly drop since 2020. Stocks of US companies have struggled this year, as markets weigh up the
Last week, world stock markets continued reacting to data related to how economies are recovering from the pandemic, such as inflation measures and economic output. These themes have been dominating headlines for the past few months. In particular, the question of how quickly the Federal Reserve
US technology stocks dipped last week, after a better-than-anticipated jobs report reinforced expectations that the US Federal Reserve will increase interest rates this year. Minutes from the central bank’s most recent meeting were released on Wednesday last week, revealing that officials are weighing up raising interest
This is the last issue of WeekWatch in 2021. We’ll resume service on Monday 10th January. Until then, we hope that you and your families have an enjoyable, safe and restful break, and we wish you the best for next year and beyond. As they have
US stocks had their best week since February last week, as the S&P 500 Index closed at a record high. The index of blue-chip US stocks rose 0.95% on Friday, bringing its weekly gain to 3.6%. The Nasdaq Composite Index had a similarly good week, rising
Last week the new Omicron variant continued to impact markets, as new data began to emerge on its impact and spread around the world. Germany and Austria moved last week to place further restrictions on unvaccinated people, while in the US President Biden ordered tighter restrictions
Last week a new COVID-19 variant emerged, weakening markets, as investors were reminded just how tenuous the global recovery could be. The new variant, named B.1.1529 but dubbed ‘Omicron’ by the World Health Organization, first appeared in Southern Africa. There are concerns it could be substantially
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