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Weekly Market Wrap | 28 January 2022
By Syfe  •  January 29, 2022
The week in review Stocks The US stock market had a rough week, with Nasdaq 100 falling nearly 13% and S&P falling almost 8% since the start of the year. Read more: Worried About Market Volatility? Here’s Why You Shouldn’t Panic Nasdaq Correction: What To Do When The Market Goes Down January 2022 FOMC Meeting: 10 Things You Should Know Bonds The 10-year US Treasury yield hovered around 1.8% after hitting a two year high of 1.9% the week before. Oil Brent crude prices hit a fresh 7-year high of more than $90/bl on supply constraints relative to demand and geopolitical tensions in Russia/Ukraine. Bitcoin During the week, Bitcoin fluctuated around 36,000 USD, reaching a low of 33,000 USD on Monday.  Highlights IMF cuts global growth estimates, but what has changed?  Global growth is expected to moderate from 5.9% in 2021 to 4.4% in 2022, 0.5% lower than the previous...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
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