Blog

27th June 2022

Weekly Espresso

The infoshot to help kick-start your week

Last Week

  • Norges Bank made largest rate hike in 20 years of 50bps, not ruling out further measures as it works to tackle inflation.
  • Oil prices fell 3% as investors worry about US Fed rate hikes adding to a risk of recession.
  • Citigroup analysts forecasting nearly 50% chance of recession as CBs rush to raise interest rates. Concerns echoed by Barclays; suggested Euro area may enter a recession Q4.
  • EU prepares for life without Russian gas following Moscow ‘weaponising’ energy – Germany reaches stage 2 of its emergency measures.

Market Pulse

Coming Up

  • US CB consumer confidence released on Tuesday 28th June, expected at 101.4, previously at 106.4.
  • US (+ Cushing) crude oil inventories released Wednesday 29th
  • Eurozone Unemployment Rate to be released on Thursday 30th June, expected to be 6.8%.
  • EUR CPI (YoY) (Jun) released on Friday 1st July, expected at 8.3% and previously at 8.1%.

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

-0.68

as at latest realignment 31/05/2022

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    Copia Capital Management

    Fleet House, 8-12 New Bridge Street, EC4V 6AL

    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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