Blog

23rd May 2022

Weekly Espresso

The infoshot to help kick-start your week

Last Week

  • UK inflation numbers (CPI) reached a 40 year high, coming in at 9%
  • Unexpectedly, UK retail sales jumped by 1.4% beating the forecast of an 0.2% decline although UK consumer confidence sunk to its lowest ever level sparked by concerns over the cost of living
  • The unemployment rate dropped to 3.7%, a 50-year low
  • Markets forecast a BoE base rate of 2.2%
  • China cut its five-year loan prime rate by 15bps, influencing the pricing of mortgages in an attempt to cushion the impact of an economic slowdown

Market Pulse

Coming Up

  • UK Rightmove House Prices (YoY) to be released on 23rd May, previously 9.9%
  • German GDP (QoQ) to be released on 25th May, forecasted to be 0.2%
  • US GDP (QoQ) to be released 26th May, forecasted to be -1.3%

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

-0.61

as at latest realignment 30/04/2022

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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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