Weekly Market View from Realm Investment Management. Week ending 4th February 2022.
January saw global markets lower with inflation fears and concerns over higher interest rates in focus. However, February started on a positive note for US stocks with a much stronger-than-expected jobs report and a boost from Amazon who reported earnings that were also much better than the market anticipated.
European markets were generally lower for the week but the UK’s FTSE 100 was higher with the energy sector out-performing as the price of oil rose strongly once again.
The Bank of England raised its interest rate by 0.25% to 0.5% looking to halt the path of inflation which some analysts forecast could reach 7.25% in April.
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