In the words of Citigroup CEO, Jane Fraser, the markets remain focused on “The three R’s: Rates, Russia and Recession".
Market uncertainty persists as investors digest a backdrop of rising inflation, slowing global growth, the ongoing conflict in Ukraine, and Central Banks embarking on a journey to reduce the stimulus provided to financial markets since the Global Financi
Uncertainty in financial markets is likely to continue into the second quarter of 2022, due to concerns around the outlook for global economic growth, rising inflation, and the impact of the Russia/Ukraine war.
The invasion of Ukraine by Russia has wreaked destruction on the second largest country in Europe, causing appalling suffering and loss of life.
2021 ended with the S&P 500 reaching a record high, the FTSE 100 18% up on the year and European equities resurging with large cap equities up over 23%.
December ended a strong year for equity markets, as the opening of economies, following successful vaccination programmes and fuelled by loose government policy, helped to propel corporate earnings above expectation.
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