Investment briefing
World markets have experienced one of their most turbulent quarters in recent history. Coming so soon after the trauma of a global pandemic, the impact of events in Ukraine seems that much worse.
Investment briefing
Ricochet
Cast your minds back to 2014, when the Caribbean Island of Puerto Rico, burdened by a chronic budget deficit, spooked the US municipal bond market by passing legislation to restructure some of its enormous $73bn debt pile. US Municipal Bond ETFs reeled and wider markets were spooked, the country’s debt downgraded to ‘junk’ status.
Investment briefing
The stock market, frequently an enigma, has played a blinder. As countries around the world queue up to report their worst ever falls in economic growth, equities have been rising.