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Can the Trump Effect Continue to Lift Markets Citi Wealth Insights
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Europe Politics Present an Opportunity Citi Wealth Insights
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Chinas Growth Surprise This Year Citi Wealth Insights
08 March 2022
The ongoing Russia-Ukraine has put pressure on global markets. As per data available, Geopolitical shocks have only driven turning points for the world economy twice since WWII. The most prominent pattern is for economic shocks to manifest regionally, not globally. Only 3 events since WWII have sunk the entire world economy namely: The OPEC embargo of 1974, The Global Financial Crisis and COVID (Refer Fig 3 Below).
The cumulative impact of economic sanctions (the freezing of more than $300 billion in Russian gold and FX reserves, among other punitive measures) are being felt across Russia. As of March 1, the Russian ruble lost 30% There is pressure on global markets with a continued bout of uncertainty. Our Global equity strategists highlights that equity markets have been weak ahead of previous conflicts but then recovered.
Is there emerging implication of the Russia-Ukraine Conflict on the Indian Equity Markets? Key Points appended below:
For more updates please visit Citi Wealth Insights
Can the Trump Effect Continue to Lift Markets Citi Wealth Insights
Europe Politics Present an Opportunity Citi Wealth Insights
Chinas Growth Surprise This Year Citi Wealth Insights