Markets in H1: The almost perfect storm

Published by
Reuters

By Marc Jones LONDON (Reuters) – Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this – the most turbulent first half global markets have ever seen. To grasp just how torrid things have been, consider two things. MSCI’s 47-country world stocks index has suffered its biggest H1 drop since its creation in 1990. At same time, 10-year U.S. Treasury bonds – the benchmark of global borrowing markets and traditional go-to asset in troubled times – have had their worst first half since 1788. Why? Russia’s invasion of Ukraine supercharged what was…

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