Skip to main content Skip to site footer

You are using an outdated browser. Please upgrade your browser to improve your experience.

Archinomics Weekly - Monday 15th November 2021

one year ago



Global equities were relatively flat last week. US markets were slightly weaker after the high inflation reading, while in Europe the Euro Stoxx 50 index gained 0.2% and the FTSE 100 rose 0.6%. Emerging markets fared slightly better, with the MSCI Emerging Markets index gaining 1.7%, led higher by China and Brazil. 


US Treasuries were weaker last week. The government bonds sold off as CPI inflation continued to rise rapidly in the US. In corporate bond markets, investment grade and high yield bonds were also weaker in both the US and Europe.


The US dollar was the standout performer last week, as rising inflation fuelled expectations of tighter monetary policy – which is seen as positive for local currencies. The euro was weaker across the board, while sterling gained ground against the euro but fell versus the dollar and the Japanese yen.


The oil price cooled off slightly, and Brent Crude fell 0.7% to finish the week at $82.20 per barrel. Gold was stronger, rising 2.6% to $1,864 per ounce, while copper also gained 2.5% over the week.

Responsible investing

The COP26 climate conference concluded last week, with negotiations continuing into the weekend before a final agreement was announced on Saturday evening. Concessions were made over the phasing out of coal at the last minute, but nonetheless the agreement is considered strong enough to ‘keep 1.5 degrees Celsius alive’.


US Consumer Prices Index (CPI) inflation rose at its fastest pace since 1990, coming in at 6.2% year-on-year.

Inflation data in Asia also showed a continued increase in prices. Japanese producer price inflation rose at its fastest rate in 40 years, mainly due to surges in energy and commodity prices. And in China, factory gate prices were at their highest in 26 years.

China’s President Xi Jinping was honoured with an ‘historical resolution’, placing him on equal footing with ex-leaders Mao Zedong and Deng Xiaoping.

on the

President Xi Jinping of China will hold virtual talks with US President Joe Biden later today, to discuss the future relationship between the two economic superpowers. 

CPI data for the UK, Europe and Canada will give new insights into how the inflation story is progressing in these regions.

Listen to our weekly podcast for more information and our experts’ insights.


Latest investment news


Archinomics Monthly - October 2022

Article | Investments | 04/11/2022

The International Monetary Fund issued a stark warning over the health of the global economy, saying it saw rising risks of a recession in 2023. Hopes rose that the deteriorating economic outlook might cause central banks to be less aggressive in raising rates to smother inflation.


Archinomics Monthly - September 2022

Article | Investments | 06/10/2022

In the UK, the new government, headed by former Foreign Secretary Liz Truss, froze energy costs and announced the largest tax cuts in 50 years in an attempt to stimulate growth. The spending was unfunded, causing the Bank of England to intervene as the British pound and UK bond prices tumbled amid fears of unsustainable levels of UK borrowing.


Archinomics Monthly - August 2022

Article | Investments | 05/09/2022

China struggled to contain broad-based Covid outbreaks, as it stuck to its strict zero-Covid policy. The People’s Bank of China cut borrowing costs as economic data revealed that growth remains weak in the face of sporadic lockdowns, the ongoing property crisis and a severe drought which has led to power cuts.

We use cookies to give you the best possible experience of our website. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. See our cookie policy for more information on cookies and how we manage them.