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Archinomics Weekly - Monday 7th March 2022

one year ago



Equities were hit hard, with European markets taking the brunt of uncertainty over events in Ukraine. US indices were buoyed in part by the energy sector, but dragged lower by financials and consumer discretionary sectors. Japanese indices weakened, as the yen firmed. Chinese markets were subdued ahead of the week-long annual meeting of parliament, where lower growth targets are expected.


US Treasury bonds displayed their safe haven attractions, as yields reversed their recent gains as prices rose. Core eurozone bond yields also declined in volatile trading. Investment grade bond markets saw some buying interest, providing support for new issuance, while high yield bond markets slipped lower in quiet trade.


The US dollar outshone all majors except the yen, which was stronger across the board. The euro weakened significantly, while sterling was only able to make ground against the euro. 


Commodity prices spiked at the sharpest weekly rate for five decades, driven by energy prices, as future supply from Russia came into question. Gold continued its recent positive trajectory, rising 4.3% on the week.

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European leaders looked to move rapidly to wean their economies off Russian gas, turning their focus to renewable energy sources, as the International Energy Agency urged the EU not to sign new supply agreements.


Chair Jay Powell confirmed that the Federal Reserve would ‘move carefully’ on interest rates, dispelling fears of a 50 basis point hike in March.

US February non-farm payrolls beat forecasts at 678,000, as the unemployment rate fell to 3.8% and average earnings remained stable.

Toyota shut down production at all Japanese plants after a cyber attack on a key supplier, thought to be in reprisal for tough Japanese sanctions on Russia.

on the

The ECB meeting could bring adjustments to growth and inflation forecasts, given developments on Europe’s eastern borders.

US February headline CPI inflation data could show an increase, reflecting higher energy costs, while underlying prices are expected to moderate.

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Latest investment news


Archinomics Monthly - February 2023

Article | Investments | 06/03/2023

Tensions between the US and China rose after the US shot down a balloon, which it alleged that China was using for the purposes of espionage. The US also warned China against supplying Russia with weapons, saying it could risk escalating the war in Ukraine.


Archinomics Monthly - January 2023

Article | Investments | 06/02/2023

The headline rate of inflation continued to fall across most economies. US consumer prices rose at an annual rate of 6.5% for December, the lowest rate since October 2021, while headline eurozone inflation eased to 9.2% compared to a peak of 10.6% in October 2022. 


Archinomics Monthly - December 2022

Article | Investments | 09/01/2023

China pivoted away from its zero-Covid policy, with the authorities refocusing on consumption and industries such as technology and property. Infection levels surged as testing and quarantine requirements were removed.

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