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 7th February 2022

2 years ago



US markets closed the week higher, despite significant volatility among the tech heavyweights, as energy stocks outperformed. European markets took fright at forecasts of higher interest rates and ended the week lower. Japan’s main indices rallied late in the week on hopes that international travel would soon be resumed, while Chinese markets were closed for the Lunar New Year holiday.


Yields on US Treasury bonds moved to their highest levels since late 2019, as prices fell, in anticipation of rising rates. The German Bund yield touched a three year high, as ECB (European Central Bank) rhetoric turned hawkish. Investment grade bonds enjoyed some bargain hunting, while high yield bonds followed equity markets higher.


The euro jumped higher against all majors, while the US dollar fell across the board. Sterling made gains against both the dollar and the yen, which saw subdued trading.


The price of oil rose above $90 per barrel, as major oil producers agreed to only modest production increases, despite a pick-up in demand. Copper closed the week 4.1% higher.

Responsible investing

Consumer goods giant Nestlé announced plans to triple its cocoa sustainability funding to $1.4 billion, aiming to remove child labour from the supply chain for chocolate.


US January non-farm payrolls came in at 467,000, triple the market forecasts. The unemployment rate ticked up to 4%, whereas Eurozone unemployment hit a record low at 7%.

The ECB declined to rule out interest rate hikes in 2022, amid ‘unanimous concern about soaring prices’.

In China the January Caixin Manufacturing PMI of smaller private firms fell into contraction territory at 49.1, the lowest level since February 2020.

on the

US January headline CPI inflation is expected to increase slightly to 7.3%.

Earnings from major consumer goods and car manufacturers will help to gauge the strength of consumer confidence.

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


Latest investment news

Market Snapshot - June 2024

Article | Investments | 03/07/2024

Unexpected election results in India, Mexico and South Africa temporarily shook markets. In India, Narendra Modi secured a third term, but lost his parliamentary majority.

Market Snapshot - May 2024

Article | Investments | 05/06/2024

May has been a month for elections, with India, Mexico and South Africa all going to the polls. For India, early results indicate a continuation of the status quo, while in Mexico the first female president was elected by a landslide.

Market Snapshot - April 2024

Article | Investments | 06/05/2024

With US jobs growth remaining strong and inflation proving stickier than expected, speculation grew that the US Federal Reserve (Fed) would delay cutting rates until the end of 2024.

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.