Events that moved the market Q3 2022
-
7 July 2022
Source: CNN
Boris Johnson resigns
Following the resignation of nearly 60 members of his government, Boris Johnson steps down as the prime minister of the UK.
-
8 July 2022
Source: BBC
Former PM of Japan killed
Shinzo Abe, Japan's longest-serving prime minister, who stepped down in 2020, is fatally shot while giving a speech in Nara.
-
8 July 2022
Source: The Guardian
Musk drops Twitter bid
Twitter shares drop more than 7% in after-hours trading after Musk backs out of an agreement to buy the company.
-
13 July 2022
Source: Bloomberg
Euro reaches dollar parity
The euro crosses a major threshold for the first time in more than two decades, reaching parity with the dollar.
-
22 July 2022
Source: SA Reserve Bank
SA 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 2022
Source: Bloomberg
Fed hikes rates again
The Fed raises interest rates by 75 basis points for the second straight month.
-
1 Aug 2022
Source: Bloomberg & Reuters
Factory output weakens
PMI for the euro area’s four largest members all indicate contraction. SA PMI falls to 47.6 points.
-
17 Aug 2022
Source: Bloomberg
UK 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 2022
Source: Bloomberg
Trouble at Tencent
Tencent 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 2022
Source: Statistics SA
SA 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 2022
Source: Bloomberg
Powell scares markets
At 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.
-
31 Aug 2022
Source: CNBC | Eurostat
EU inflation hits 9.1%
Euro zone inflation hits a record high in August of 9.1%, with high energy prices the main driver.
-
6 Sept 2022
Source: Stats SA
SA GDP shrinks 0.7%
GDP contracts 0.7 in the previous quarter.
-
8 Sept 2022
Source: Reuters
SA current account in red
SA’s current account balance dips to a deficit of 1.3 in the first quarter.
-
8 Sept 2022
Source: The Guardian
EU rates spike
The ECB raises interest rates by a record margin - from 0.5 - to combat double-digit inflation in a number of member countries.
-
13 Sept 2022
Source: The Guardian
US 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 2022
Source: Destatis
German PPI at 45.8%
German producer prices for industrial products rises 45.8.
-
21 Sept 2022
Source: Reuters
Russia to annex territory
President Putin orders Russia’s first wartime mobilisation since World War II. Putin also announces plans to annex four Ukrainian provinces.
-
21 Sept 2022
Source: Bloomberg
Germany nationalises Uniper
Germany nationalises Uniper SE after Russia shelled the Zaporizhzhia nuclear power plant, to avert a collapse of their energy sector.
-
21 Sept 2022
Source: Reuters
Fed again hikes by 0.75%
The Fed raises its target interest rate to 3-3.25 in 2023.
-
21 Sept 2022
Source: Reuters
SA CPI drops to 7.6%
South Africa’s headline consumer inflation decelerates slightly to 7.6% year on year.
-
22 Sept 2022
Source: SARB
SA rates up by 0.75%
The MPC increases the repo rate by 75 basis points to 6.25.
-
26 Sept 2022
Source: Business Insider SA
Pound at all-time low
The 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.
-
28 Sept 2022
Source: CNBC
UK bond market crumbles
The 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.
-
7 July 2022
Source: CNN
Boris Johnson resigns
Following the resignation of nearly 60 members of his government, Boris Johnson steps down as the prime minister of the UK.
-
8 July 2022
Source: BBC
Former PM of Japan killed
Shinzo Abe, Japan's longest-serving prime minister, who stepped down in 2020, is fatally shot while giving a speech in Nara.
-
8 July 2022
Source: The Guardian
Musk drops Twitter bid
Twitter shares drop more than 7% in after-hours trading after Musk backs out of an agreement to buy the company.
-
13 July 2022
Source: Bloomberg
Euro reaches dollar parity
The euro crosses a major threshold for the first time in more than two decades, reaching parity with the dollar.
-
22 July 2022
Source: SA Reserve Bank
SA 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 2022
Source: Bloomberg
Fed hikes rates again
The Fed raises interest rates by 75 basis points for the second straight month.
-
1 Aug 2022
Source: Bloomberg & Reuters
Factory output weakens
PMI for the euro area’s four largest members all indicate contraction. SA PMI falls to 47.6 points.
-
17 Aug 2022
Source: Bloomberg
UK 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 2022
Source: Bloomberg
Trouble at Tencent
Tencent 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 2022
Source: Statistics SA
SA 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 2022
Source: Bloomberg
Powell scares markets
At 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.
-
31 Aug 2022
Source: CNBC | Eurostat
EU inflation hits 9.1%
Euro zone inflation hits a record high in August of 9.1%, with high energy prices the main driver.
-
6 Sept 2022
Source: Stats SA
SA GDP shrinks 0.7%
GDP contracts 0.7 in the previous quarter.
-
8 Sept 2022
Source: Reuters
SA current account in red
SA’s current account balance dips to a deficit of 1.3 in the first quarter.
-
8 Sept 2022
Source: The Guardian
EU rates spike
The ECB raises interest rates by a record margin - from 0.5 - to combat double-digit inflation in a number of member countries.
-
13 Sept 2022
Source: The Guardian
US 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 2022
Source: Destatis
German PPI at 45.8%
German producer prices for industrial products rises 45.8.
-
21 Sept 2022
Source: Reuters
Russia to annex territory
President Putin orders Russia’s first wartime mobilisation since World War II. Putin also announces plans to annex four Ukrainian provinces.
-
21 Sept 2022
Source: Bloomberg
Germany nationalises Uniper
Germany nationalises Uniper SE after Russia shelled the Zaporizhzhia nuclear power plant, to avert a collapse of their energy sector.
-
21 Sept 2022
Source: Reuters
Fed again hikes by 0.75%
The Fed raises its target interest rate to 3-3.25 in 2023.
-
21 Sept 2022
Source: Reuters
SA CPI drops to 7.6%
South Africa’s headline consumer inflation decelerates slightly to 7.6% year on year.
-
22 Sept 2022
Source: SARB
SA rates up by 0.75%
The MPC increases the repo rate by 75 basis points to 6.25.
-
26 Sept 2022
Source: Business Insider SA
Pound at all-time low
The 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.
-
28 Sept 2022
Source: CNBC
UK bond market crumbles
The 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.
Please click here to download the pdf version.
Related Articles
No related photos.
Comments are closed.