Global markets in perspective.
Over the past year, as the rest of the world returned to ‘normal’, China remained intent on combatting COVID-19 head on. Its zero-COVID policy saw the country enforcing stringent lockdowns and other restrictive measures.
Despite the United States (US) Federal Reserve (Fed) having been adamant that higher interest rates can be expected for longer, many argued, following the softer US inflation print last week, that the Fed might move to pause interest rate hikes sooner than initially anticipated.
While votes are still being counted in the US midterm elections, the Republicans look set to secure a majority in the House of Representatives, but, at the time of writing, control of the Senate is still up for grabs.
The unexpected harsh messaging delivered by the United States (US) Federal Reserve (Fed) on Wednesday night sent shockwaves through the market, bringing the recent, and rather short-lived, risk rally to a screeching halt. While the Fed moved to hike interest rates by 75 basis points, as expected, Fed Chairman, Jerome Powell, debunked speculation that the […]
The ECB has expressed its concerns that inflation is becoming entrenched and has acted to combat the region’s historic surge in inflation. On Thursday, the Central Bank hiked interest rates by 75 basis points, as expected, and announced a change to the terms of its ultra-cheap loans to commercial banks
Liz Truss was appointed Prime Minister of the United Kingdom on 6 September 2022, a position she held for just 44 days. Her resignation announcement on Thursday has triggered yet another Conservative Party leadership race.
The minutes of the Federal Open Market Committee (FOMC) September meeting indicated that all Fed policymakers unanimously agree on higher interest rates for longer, as the Fed continues its war on inflation.
According to global risk insurer, Aon, natural disasters in 2021 caused economic losses of $283 billion – only 38% of which was covered by insurance. Back in October Steve Bowen, a meteorologist, and Head of Catastrophe Insight at Aon, predicted that 2021 would become the sixth year, out of the last ten, to surpass the […]
Last week, the UK’s newly appointed Chancellor of the Exchequer, Kwasi Kwarteng, delivered a controversial mini budget, citing tax breaks as a key pillar. While the UK government is trying to relieve the economic burden felt by consumers, markets did not take kindly to this move.
It was a busy week for central banks, with no fewer than 13 central banks meeting and the majority adopting a hawkish stance in the face of global price rises.
With more negative surprises than positive, inflation forecasting has been a tough job in 2022. This week, the United States (US) Bureau of Labour Statistics reported worse than expected inflation numbers for August, which sent markets into a tailspin.