Share index is one of few to post rise but pound has worst year against US dollar since 2016
Inflation, tech plunge and ‘crypto winter’: global stock markets in 2022
Britain’s blue-chip share index has ended 2022 on a modest annual gain, eked out during a year in which rising inflation, higher interest rates, the Ukraine war and recession fears all hit global markets.
The internationally focused FTSE 100 share index ended the final trading day of 2022 almost 1% higher than it began the year, helped by a sharp rise in share prices of energy companies and miners, sectors that have benefited from Russia’s decision to plunge Europe into a gas supply crisis.
Share index is one of few to post rise but pound has worst year against US dollar since 2016Inflation, tech plunge and ‘crypto winter’: global stock markets in 2022Britain’s blue-chip share index has ended 2022 on a modest annual gain, eked out during a year in which rising inflation, higher interest rates, the Ukraine war and recession fears all hit global markets.The internationally focused FTSE 100 share index ended the final trading day of 2022 almost 1% higher than it began the year, helped by a sharp rise in share prices of energy companies and miners, sectors that have benefited from Russia’s decision to plunge Europe into a gas supply crisis. Continue reading…
