The infoshot to help kick-start your week
- The latest wave of COVID-19 infections has “overwhelmed” Hong Kong, the city’s leader said on Monday, as daily cases have surged by some 20 times over the past two weeks.
- Russian-backed rebels and Ukrainian forces have traded accusations that each had fired across the ceasefire line in eastern Ukraine, adding to a growing concern over the prospect of a wider war. While Moscow denies it is planning an invasion, Western countries warn Russia’s military build-up near Ukraine is growing, not shrinking.
- Federal Reserve Bank of St. Louis President James Bullard said bringing down inflation may require the central bank to overshoot a neutral target interest rate, which he sees as about 2%.
- The number of Americans filing first-time unemployment claims registered their sharpest increase in four weeks. At 248,000 it was well ahead of market expectations of 219,000.
- Europe’s STOXX 600 index erased all earlier gains on Friday and fell around 0.5% after a separatist leader in eastern Ukraine announced an evacuation of his breakaway region’s residents to Russia.
- Eurozone CPI (YoY) data to be released on 23rd February, forecasted to be 5.1%.
- U.S. Federal Reserve Monetary Policy Report to be released on February 25th.
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