The infoshot to help kick-start your week
Last Week
We saw blood in the streets across a variety of indexes – with the S&P 500 reaching correction territory, a 10% drop from a recent high, during the trading day on Monday
MSCI’s 50-country main world index has fallen over 8.1%, the worst January since 2008 during the global financial crisis
Tesla wiped approximately $109 billion off its value in one day, due to supply chain issues resulting in pushed back new product launches
Apple reported their highest revenue of all time beating estimates
The Fed’s hawkish announcement on Wednesday hinted inflation was their priority, taking no options off the table regarding interest rate hikes, leaving the market uncertain and without the comfort they desire
Market Pulse
Coming Up
European GDP released today (January 31st), previously at 3.9% and forecasted at 3.7%
UK Nationwide HPI on February 1st
European CPI to be announced on February 2nd, with a consensus of 4.3% and previously at 5%
BoE interest rate decision at 12.00pm on February 3rd, consensus is a 25bps increase
US Nonfarm payrolls and the unemployment rate for January released on February 4th
Notice:
The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.Open document settingsOpen publish panel
