The infoshot to help kick-start your week
- The US Fed increased interest rates by 75 bps, the biggest hike in almost 30 years.
- For the first time in 15 years the Swiss National Bank increased interest rates.
- The BoE lifted rates by 25 bps, a less aggressive rise than the muchly anticipated 50 bps.
- With all the rate hikes occurring the likelihood of recession appears to have increased.
- European Gas prices increased by 50% due to Moscow’s exacerbating supply cuts.
- UK CPI released on Wednesday 22nd June, expected at 9.1% and previously at 9%.
- US Crude oil inventories and US initial jobless claims released on Thursday 23rd
- US new home sales Friday 24th June.
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