Week In Review: Equities Hammered, Earnings Disappoint, Oil Retreats

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It was a slow start to another busy week for financial markets. 

 

Asian shares kicked off the week on a cautious note as investors digested a slew of Chinese economic data. The major standout was the GDP report which revealed that China expanded at an 8.1% annual pace in 2021, though growth slowed 4% in the Q4 amid Covid-19 and property woes. US markets were closed for the Martin Luther King Jr. holiday.

 

Our trade of the week was the GBPUSD. We expected some action on the Pound thanks to key economic reports from the UK and the threat of more political drama… Read More:

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