Blog

1st August 2022

Weekly Espresso

The infoshot to help kick-start your week

Last Week

  • The Fed raised rates by 75 basis points on Wednesday, for the second time this year. The latest in a series of aggressive rate hikes across the globe.
  • US Stocks rallied following the Fed’s decision. The S&P500 rose 2.6%, the Dow Jones increased by 1.4% and the Nasdaq Composite had its largest one-day percentage gain in almost 2 years, climbing 4.1% to close at 12032.42.
  • EU inflation climbed to another all time high, coming in at 8.9%, higher than the predicted 8.6%. The results have bolstered chances of another significant increase following the next meeting to set rates in September.
  • Following Thursday’s Politburo statement, Chinese leaders all but acknowledge that the country will miss its 5.5% annual growth target, as the economy battles a multitude of challenges including domestic spread of the Omicron variant and a sharp slowdown of the real-estate sector, believed to account for as much as one third of overall growth.

Market Pulse

Coming Up

  • BoE interest rate decision released on 4th August, forecasted to be 1.5%, a 25bps hike.
  • US Nonfarm Payrolls (Jul) to be released 5th August, forecasted to decrease by 122K.

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

Risk Barometer

-0.72

as at latest realignment 31/07/2022

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    Copia Capital Management is a trading name of Novia Financial Plc. Novia Financial Plc is a limited company registered in England & Wales. Register Number: 06467886. Registered office: Cambridge House, Henry St, Bath, Somerset BA1 1JS. Novia Financial Plc is authorised and regulated by the Financial Conduct Authority. Register Number: 481600.

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