Headlines that moved the markets in 2022 8 | 9 3 February 2022 4 May 2022 21 July 2022 22 September 2022 23 September 2022 11 October 2022 20 October 2022 Tech giant Fed launches ECB surprises SNB ends GBP falls on Global growth to The down- biggest rate hike with hawkish era of mini-budget decline in 2022 turn of the since 2000 rate hike The GBP fell to its lowest Global economic growth is set negative level against the USD since to nearly halve in 2022, as JPY plunges The US Federal Reserve The European Central Bank 1985 after the new UK high inflation, rising interest (Fed) raised its benchmark (ECB) surprised the market rates prime minister unveiled a rates and the Ukraine war The Japanese yen (JPY) rate by 50 basis points, as it with a larger-than-expected mini-budget that would take a toll. Economic growth experienced its worst ever seeks to tame soaring rate hike of 50 basis points. The Swiss National Bank significantly increase its worldwide is expected to decline against the USD, on Q4 results inflation. The rate hike was Considering the elevated (SNB) raised its policy rate to deficit. In response, the GBP decline to 3.2% in 2022 and losing close to 50% of its the biggest since 2000, and inflation risks, the ECB’s 0.50% at its September fell 3.7% against the USD, 2.7% in 2023, compared value from a high in early A US technology giant rates, which would weigh on the Fed also announced Governing Council believes “it meeting, delivering the while the yield on 10-year with 6.0% in 2021, according 2012. In the year to date, the suffered the biggest one-day their future valuations as it plans to begin reducing its is appropriate to take a larger largest policy rate increase UK government bonds to the International Monetary JPY has depreciated by 23% decline in value for a US will cost more to borrow balance sheet next month. first step on its policy rate since March 2000. The SNB jumped by 33 basis points to Fund (IMF). Global inflation is against the USD due to the company amid disappointing money to finance their US equity markets responded normalization path than raised its policy rate by 0.75 3.82%. The new mini-bud- forecast to increase to 8.8% Bank of Japan’s ultra-loose Q4 results. The stock lost businesses. Additionally, the positively after the Fed signaled at its previous percentage points, from get effectively raises the in 2022 from 4.7% in 2021, monetary policy with yield 26%, wiping USD 230 billion surge in demand that many downplayed the likelihood of meeting,” the ECB said in a -0.25% to 0.50%, following UK’s deficit from 6.0% of though it should ease to curve control while the rest of off its market value and tech companies enjoyed 75 basis point hikes at “the statement. Inflation in the its September meeting. With gross domestic product 6.5% in 2023 and 4.1% in the world – and the USA in pulling down other technolo- during the COVID-19 next couple of meetings.” Eurozone has skyrocketed far the decision, the SNB puts (GDP) in 2021 to 7.5% of 2024, the IMF says. particular – hikes interest gy stocks. Tech stocks are lockdowns appears to have The S&P 500 Index climbed above the ECB’s medi- an end to the negative GDP in 2022, up from 3.9% rates substantially, leading to coming under pressure amid peaked, leading to concerns 3%, while the Nasdaq um-term target of 2%, reach- interest rate policy it imple- in the March budget and the a meaningful rates differential. expectations that elevated about softer revenues going Composite Index finished the ing a record 8.6% in June mented in January 2015. third-highest level since the inflation will force central forward. day up 3.2%. due to accelerating prices for Furthermore, it remains 1940s. This will exert 24 October 2022 banks to start raising interest food and energy. willing to intervene in the pressure on the Bank of foreign exchange market. England to hike policy rates New UK 24 February 2022 25 April 2022 5 September 2022 13 September 2022 by 75 basis points in Novem- ber, given the rise in medi- prime minister Brent jumps COVID policies Energy crisis in Inflation um-term underlying inflation- above USD 100 hurt China equities Europe ary pressures. Rishi Sunak is set to become and continue to shrink the report puts the new UK prime minister, risk premium in UK assets, on Ukraine war China’s main equity indices European natural gas prices 11 October 2022 succeeding Liz Truss, who the government will still need declined amid concerns about jumped 15%, adding to large US stocks stepped down after a short to show a fiscally credible Brent crude oil spiked above how the country’s strict increases since the start of Hong Kong shares hit and volatile tenure. While his path in the budget to balance USD 100 for the first time zero-COVID policy could the year, after Russia’s major under appointment should help in the books. since 2014 after Russia impact global supply chains state-owned natural gas 13-year low rebuilding the UK’s credibility invaded Ukraine. Assets and the economy. The producer halted gas supplies pressure viewed as safe havens, Shanghai Composite Index to Western Europe, adding to Hong Kong’s benchmark infections have been on the 9 November 2022 including the USD, gold and fell 5.1% on 25 April, while concerns about Europe’s US stocks suffered their equity index hit a 13-year rise recently. The Chinese the JPY also gained (the Hong Kong’s Hang Seng impending energy crisis and biggest sell-off since June low, as large cities in China government, which is set to latter two only temporarily), Index slipped 3.7%. China the impact on an already 2020 after a higher-than-ex- once again tightened their hold its 20th National Party US midterm while global equity markets continues to uphold its slowing economy. The move pected US inflation report. COVID-19 restrictions. The Congress later this month, is declined. Simmering tensions zero-COVID policy as other put pressure on both the Core consumer price index Hang Seng Index fell by keeping its strict COVID-19 between Russia and Ukraine countries slowly begin to GBP and EUR, which (CPI) inflation was 0.6% in 2.29% to 16,801, the lowest policy firmly in place, which is escalated substantially this ease their restrictions. At the declined against the USD August month-on-month, level since 2009. While the contributing to China’s elections year, culminating in Russia’s beginning of April, Shanghai tightened. European coun- clearly above the 0.3% number of COVID-19 cases deteriorating growth outlook. decision to launch attacks on implemented a strict lock- tries announced special pack- consensus forecast. Along remains low in China, The US midterm elections spending or tax initiatives several targets in Ukraine. down that remains in place. ages to shield consumers and with better-than-expected US are likely to lead to a divided highly unlikely, we doubt that The outbreak of war will have Lockdowns over the course industries from rising power employment data, the upside government. Although this it would lead to a govern- consequences, not only for of the pandemic have disrupt- costs. Nevertheless, sharply inflation surprise makes a 75 would make new fiscal ment shutdown. Europe’s energy supply and ed global supply chains, higher energy prices and basis point rate hike the base growth dynamics, but also for leading to shortages for many rising interest rates threaten case for the US Federal global commodity supply goods and contributing to to cripple the region’s Reserve’s September chains. rising inflation across the economy. meeting. world.