Market Update – 2nd March 2022. - 2nd March 2022
The situation in Ukraine has continued to be the focus of markets, news headlines and, of course, our thoughts.
The situation in Ukraine has continued to be the focus of markets, news headlines and, of course, our thoughts.
The dominating news story this week is the unfolding situation in Ukraine.
The main mover of markets this week has been fears mounting over a Russian attack on Ukraine.
Looking at the intraday performance of the FTSE 100, the index hit a post-pandemic high this week on the news of BP profits hitting an eight-year high after oil and gas prices surged last year.
The most notable data we had to start the week was the Purchasing Managers’ Index, which you will hear referred to as PMI.
US markets were closed on Monday for Martin Luther King Jr day.
In the US, the New York Federal Reserve released a survey of consumer expectations on Monday, which showed households in the US had a positive outlook on the jobs market
‘Twas the week before Christmas, and all markets saw, was a week packed with data and monetary policy galore!
Whilst markets bounced back at the beginning of this week, comforted by reports that so far it does not look like there is a great degree of severity to the Omicron variant
Markets globally have been on a ride so far this week, driven by the Omicron variant of the coronavirus and associated snippets in the news, leaving us with a November to remember.