Financial update – April 2022
March was dominated by news of the fighting It’s inevitable consequences: the rising cost of energy and the inevitable shortages that we’re likely to face. As we will see, the EU concluded a deal with the US to reduce its dependence on Russian gas. However, Vladimir Putin made different demands. Now companies and countries wanting Russia’s gas, must open an account with a Russian bank and pay in roubles.
Perhaps surprisingly, many of the markets we cover in the market commentary had a reasonably good month. Or at least managed not to lose ground. The one big faller was China’s Shanghai Composite index. As the month ended with the city in lockdown due to Covid.
As always, if you have any concerns or questions, we’re here and happy to help. So don’t hesitate to get in touch.