3rd October 2022

Weekly Espresso

The infoshot to help kick-start your week

Last Week

  • Sabotage suspected as investigations are currently taking place surrounding unexplained leaks affecting both the Nord Stream 1 and 2 pipelines, a major supply of gas from Russia into Europe. The leaks will no doubt worsen the Europe energy situation, and pose a severe safety and environmental hazard, as Danish authorities declare the area a no-shipping zone. The estimated volume of methane being released into the atmosphere is equivalent to a third of Denmark’s pollution yearly.
  • The BoE intervened to calm markets after a massive sell-off in Gilts following the government’s fiscal policy announcements on Friday 23/09. The plan involves a two-week purchase program for long dated bonds, totalling £65 billion, and delaying planned gilts sales till the end of October. The move supported a number of pension funds which had been at risk of collapse following the sell-offs.
  • EU countries approved measures proposed earlier in the month to contain the ongoing energy price currently threatening the region. Among the measures are a levy on fossil fuel companies’ surplus profits for the next 2 years and another on excess revenues low-cost power producers gain as a result of soaring electricity costs.

Market Pulse

Coming Up

  • US ADP Nonfarm Employment Change (Sep) data released October 5th, expected to increase to 200K from 132K previously.
  • ECB to publish Account of Monetary Policy Meeting on October 6th.


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


as at latest realignment 31/08/2022


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    Hamilton House, 1 Temple Avenue, London, EC4Y 0HA

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