Events that moved the market Q3 2022
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7 July 2022Source: CNNBoris Johnson resignsFollowing the resignation of nearly 60 members of his government, Boris Johnson steps down as the prime minister of the UK.
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8 July 2022Source: BBCFormer PM of Japan killedShinzo Abe, Japan's longest-serving prime minister, who stepped down in 2020, is fatally shot while giving a speech in Nara.
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8 July 2022Source: The GuardianMusk drops Twitter bidTwitter shares drop more than 7% in after-hours trading after Musk backs out of an agreement to buy the company.
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13 July 2022Source: BloombergEuro reaches dollar parityThe euro crosses a major threshold for the first time in more than two decades, reaching parity with the dollar.
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22 July 2022Source: SA Reserve BankSA repo at 5.5%The repo rate is raised by 75 basis points, the steepest hike since September 2002. Prime is increased to 9%.
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27 July 2022Source: BloombergFed hikes rates againThe Fed raises interest rates by 75 basis points for the second straight month.
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1 Aug 2022Source: Bloomberg & ReutersFactory output weakensPMI for the euro area’s four largest members all indicate contraction. SA PMI falls to 47.6 points.
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17 Aug 2022Source: BloombergUK inflation tops 10%UK inflation accelerates to the highest in 40 years. The Consumer Prices Index rose 10.1% from a year earlier.
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17 Aug 2022Source: BloombergTrouble at TencentTencent Holdings logs its first-ever revenue decline after its workforce shrank almost 5%, a prime example of how China’s worsening economy is hurting its corporations.
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23 Aug 2022Source: Statistics SASA joblessness at 34%SA’s unemployment rate falls to 33.9%, led mainly by job gains in the community and social services, trade, finance and construction sectors.
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26 Aug 2022Source: BloombergPowell scares marketsAt Jackson Hole, Fed chair Jerome Powell warns of restrictive monetary policy ‘for some time’, disappointing markets. The Nasdaq 100 tumbles 4.1% on the day.
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31 Aug 2022Source: CNBC | EurostatEU inflation hits 9.1%Euro zone inflation hits a record high in August of 9.1%, with high energy prices the main driver.
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6 Sept 2022Source: Stats SASA GDP shrinks 0.7%GDP contracts 0.7 in the previous quarter.
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8 Sept 2022Source: ReutersSA current account in redSA’s current account balance dips to a deficit of 1.3 in the first quarter.
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8 Sept 2022Source: The GuardianEU rates spikeThe ECB raises interest rates by a record margin - from 0.5 - to combat double-digit inflation in a number of member countries.
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13 Sept 2022Source: The GuardianUS inflation at 8.3%CPI prices are 8.3% higher compared with last year. Prices rose across a wide range of goods and services, triggering a sharp sell-off on Wall Street, the worst since June 2020.
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20 Sept 2022Source: DestatisGerman PPI at 45.8%German producer prices for industrial products rises 45.8.
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21 Sept 2022Source: ReutersRussia to annex territoryPresident Putin orders Russia’s first wartime mobilisation since World War II. Putin also announces plans to annex four Ukrainian provinces.
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21 Sept 2022Source: BloombergGermany nationalises UniperGermany nationalises Uniper SE after Russia shelled the Zaporizhzhia nuclear power plant, to avert a collapse of their energy sector.
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21 Sept 2022Source: ReutersFed again hikes by 0.75%The Fed raises its target interest rate to 3-3.25 in 2023.
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21 Sept 2022Source: ReutersSA CPI drops to 7.6%South Africa’s headline consumer inflation decelerates slightly to 7.6% year on year.
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22 Sept 2022Source: SARBSA rates up by 0.75%The MPC increases the repo rate by 75 basis points to 6.25.
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26 Sept 2022Source: Business Insider SAPound at all-time lowThe sterling sinks to an all-time low of $1.0350, as investors battle to digest new UK finance minister Kwasi Kwarteng's plans to cut the tax of high-income earners.
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28 Sept 2022Source: CNBCUK bond market crumblesThe Bank of England suspends its planned gilt selling and instead temporarily starts buying long-dated bonds to calm the market chaos unleashed by the mini-budget.
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7 July 2022Source: CNNBoris Johnson resignsFollowing the resignation of nearly 60 members of his government, Boris Johnson steps down as the prime minister of the UK.
-
8 July 2022Source: BBCFormer PM of Japan killedShinzo Abe, Japan's longest-serving prime minister, who stepped down in 2020, is fatally shot while giving a speech in Nara.
-
8 July 2022Source: The GuardianMusk drops Twitter bidTwitter shares drop more than 7% in after-hours trading after Musk backs out of an agreement to buy the company.
-
13 July 2022Source: BloombergEuro reaches dollar parityThe euro crosses a major threshold for the first time in more than two decades, reaching parity with the dollar.
-
22 July 2022Source: SA Reserve BankSA repo at 5.5%The repo rate is raised by 75 basis points, the steepest hike since September 2002. Prime is increased to 9%.
-
27 July 2022Source: BloombergFed hikes rates againThe Fed raises interest rates by 75 basis points for the second straight month.
-
1 Aug 2022Source: Bloomberg & ReutersFactory output weakensPMI for the euro area’s four largest members all indicate contraction. SA PMI falls to 47.6 points.
-
17 Aug 2022Source: BloombergUK inflation tops 10%UK inflation accelerates to the highest in 40 years. The Consumer Prices Index rose 10.1% from a year earlier.
-
17 Aug 2022Source: BloombergTrouble at TencentTencent Holdings logs its first-ever revenue decline after its workforce shrank almost 5%, a prime example of how China’s worsening economy is hurting its corporations.
-
23 Aug 2022Source: Statistics SASA joblessness at 34%SA’s unemployment rate falls to 33.9%, led mainly by job gains in the community and social services, trade, finance and construction sectors.
-
26 Aug 2022Source: BloombergPowell scares marketsAt Jackson Hole, Fed chair Jerome Powell warns of restrictive monetary policy ‘for some time’, disappointing markets. The Nasdaq 100 tumbles 4.1% on the day.
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31 Aug 2022Source: CNBC | EurostatEU inflation hits 9.1%Euro zone inflation hits a record high in August of 9.1%, with high energy prices the main driver.
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6 Sept 2022Source: Stats SASA GDP shrinks 0.7%GDP contracts 0.7 in the previous quarter.
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8 Sept 2022Source: ReutersSA current account in redSA’s current account balance dips to a deficit of 1.3 in the first quarter.
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8 Sept 2022Source: The GuardianEU rates spikeThe ECB raises interest rates by a record margin - from 0.5 - to combat double-digit inflation in a number of member countries.
-
13 Sept 2022Source: The GuardianUS inflation at 8.3%CPI prices are 8.3% higher compared with last year. Prices rose across a wide range of goods and services, triggering a sharp sell-off on Wall Street, the worst since June 2020.
-
20 Sept 2022Source: DestatisGerman PPI at 45.8%German producer prices for industrial products rises 45.8.
-
21 Sept 2022Source: ReutersRussia to annex territoryPresident Putin orders Russia’s first wartime mobilisation since World War II. Putin also announces plans to annex four Ukrainian provinces.
-
21 Sept 2022Source: BloombergGermany nationalises UniperGermany nationalises Uniper SE after Russia shelled the Zaporizhzhia nuclear power plant, to avert a collapse of their energy sector.
-
21 Sept 2022Source: ReutersFed again hikes by 0.75%The Fed raises its target interest rate to 3-3.25 in 2023.
-
21 Sept 2022Source: ReutersSA CPI drops to 7.6%South Africa’s headline consumer inflation decelerates slightly to 7.6% year on year.
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22 Sept 2022Source: SARBSA rates up by 0.75%The MPC increases the repo rate by 75 basis points to 6.25.
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26 Sept 2022Source: Business Insider SAPound at all-time lowThe sterling sinks to an all-time low of $1.0350, as investors battle to digest new UK finance minister Kwasi Kwarteng's plans to cut the tax of high-income earners.
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28 Sept 2022Source: CNBCUK bond market crumblesThe Bank of England suspends its planned gilt selling and instead temporarily starts buying long-dated bonds to calm the market chaos unleashed by the mini-budget.
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