The infoshot to help kick-start your week
- The S&P500 index fell 2.4% on Thursday, taking the S&P’s decline this year to 6.1%.
- Facebook’s owner Meta saw its stock market value plummet by more than $230bn on Thursday, in a record daily loss for a US firm. Its shares fell 26.4% after quarterly figures disappointed investors.
- Rishi Sunak unveils £9bn package to offset 54% jump in British energy bills.
- Bank of England raises interest rate to 0.5% in effort to tame inflation, forecasting that inflation will rise to 7.25% in April.
- China has joined Russia in opposing further expansion of NATO.
- The US economy added 467,000 jobs last month.
- U.S. CPI (YoY) data to be released on 10th February, forecasted to be 7.3%.
- UK GDP (YoY) data to be released on 11th February, forecasted to be 6.5%.
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