After an outstanding 2021, the first quarter of 2022 has been difficult for the markets across the globe. Concerns over the implications of Russian invasion, re-emergence of Covid cases in China and need of interest hike to combat inflation, impacted both equities and bond markets.
- Energy prices surged in March by 24.1% led by crude, coal and natural gas by 20.2, 49.9 and 55.7 percent respectively.
- Brent oil and gas prices spiked in early March’22 and then slipped in the end to close at USD 103 per barrel and Euro 121 per MW hour, rose by 33% and 55% since the start of the year.
- Developed market equities recovered towards the end of the month and ended up by 3% however, down by 5% YTD. Emerging markets were down by 7% YTD at the end of March’22.
- S&P 500 was up by 3.58% in Mar and -4.95% for the Q1. Whereas, Dow Jones Industrial Average gained 2.32% for the month and -4.57% YTD.
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