top of page

Highlights (week 29/2022)

Updated: Aug 21, 2022

European Central Bank decisions

Due to high inflationary pressures, the ECB on July 21st announced a 50 basis point raise to interest rates.

It also launched the Transmission Protection Instrument (TPI), an anti-fragmentation tool aimed at supporting nations with large debt burdens and high borrowing costs and limiting discrepancies among euro zone member states. The TPI is designed to cap borrowing costs across the region. Source: ECB

Euro-area inflation

Annual inflation rate in the Euro Area was confirmed at a record high of 8.6% in June of 2022, compared to 8.1% in May and 1.9% a year earlier. The biggest contribution came once again from prices of energy (42%), but strong price increases were also seen for food, alcohol & tobacco (8.9%) and services (3.4%), suggesting a widespread inflationary pressure. Excluding energy, the inflation increased to 4.9% from 4.6%. Compared to the previous month, consumer prices increased 0.8%. Source: Eurostat

UK inflation

The Consumer Prices Index (CPI) rose by 9.4% in the 12 months to June 2022, up from 9.1% in May. On a monthly basis, CPI rose by 0.8% in June 2022, compared with a rise of 0.5% in June 2021.

The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 8.2% in the 12 months to June 2022, up from 7.9% in May. Rising prices for motor fuels and food made the largest upward contributions to the change in both the CPIH and CPI 12-month inflation rates between May and June 2022. Source: Office for National Statistics



The S&P 500 fell nearly 1% on Friday to 3,961.63, but finished the week 2.6% higher. The DJIA lost nearly 0.5% on Friday to 31,899.29, but was up 2% for the week, Nasdaq was the biggest weekly winner among the three U.S indexes advancing 3.3%.


The Stoxx 600 closed 0.4% higher on Friday, with travel and leisure stocks advancing 2.4% as most sectors finished in positive territory. The pan-European benchmark also had a positive week, climbing almost 3%.

The spread between Italian and German bond yields which is seen as a measure of stress in European markets or a fear gauge, has widened in recent months to its highest level since May 2020.

306 views0 comments

Recent Posts

See All

Risk Disclosure: We bring updates and news from financial, regulatory or political events that impact our markets and economies. We do not provide information for investors to base their decision making in investments or trading. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of financial loss. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Proinfinit Consulting would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and information on the website are not necessarily provided by any market or exchange, but may be provided by analysts, academics and professionals in the field. Proinfinit Consulting and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your reliance on those data or the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Proinfinit Consulting and/or the data or information  provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.


bottom of page