The year of the Tiger was supposed to be “roar-some”. Yet, there hasn’t been much to cheer about from the start of 2022 so far.
The last thing on our minds was a war breaking out, which was exactly what happened when Ukraine was invaded by Russia on 24th Feb 2022. This rattled investors’ nerves and sapped confidence from the stock markets worldwide in the weeks that followed, as the septic smell of carnage and death filled Ukraine’s brooding skies. It extended the volatility that has roiled the markets, which comes on the heels of a series of interest rate hikes that the US Federal Reserve (Fed) will be implementing from this month onwards.
Against this gloomy backdrop, prices of commodities and energy have soared as fears of potential disruption of oil supply swept the globe, which would likely raise construction costs.
As always,...