Global equity markets were mixed this week, as a stronger-than-expected U.S. jobs report revived concerns that the Federal Reserve will need to maintain its aggressive pace of interest rate hikes to stem inflation.

Equities rise after tough 6 months

The European Central Bank (“ECB”), the central bank of the 19 nations that share the euro currency, raised its benchmark rate by 50 basis points on Thursday, traders had expected a smaller hike of 25 basis points.

Higher inflation increases the odds of a U.S. recession

UK Prime minister resigns

On 04 July 2022 Carrick Wealth officially launched a new work and meeting space in Lilongwe, Malawi. The workspace, located in the Latitude 13 Hotel, was identified as a priority to service the Malawian market for offshore financial advisory services.

Economic signals suggest that activity is slowing.

Investors shift focus to possible recession

The Federal Reserve delivers its most aggressive rate hike since 1994.

Worse than expected US inflation data increases pressure on global financial markets.

100 days have passed since Russia invaded Ukraine

US stocks ended sharply higher for the week supported by stronger corporate earnings and signs of a slight moderation in inflation.

Recession fears and earnings releases from U.S. retail giants drive markets lower.

Powell forecasts challenging “soft landing”

The Fed hiked interest rates by 50 basis points (bps) on Wednesday, lifting the target Federal Funds Rate to a range of 0.75% to 1%.

Inflation concerns shift to corporate earnings and a deteriorating outlook for global growth.

The Federal Reserve maintains hawkish stance

Global inflation continues to rise buoyed by persistent pandemic disruptions and the war in the Ukraine.

Carrick Wealth has received its investment license to operate in Zambia, a development which will bring positive benefits to the region. This marks the company’s fifth African country in its growing suite of offices, with presence already established in South Africa, Mauritius, Malawi and Zimbabwe, and shows that Carrick’s bold African expansion plans are taking shape in earnest.

Global equities softer this week on “hawkish” central bank minutes and intensified Russian sanctions.