Imperium Capital Publication

Global Matters Weekly – 07 November 2022

Yet another update on China

by Lorenzo La Posta, CFA — Portfolio Manager

— China is facing a different set of issues that still have global consequences

For some reason, any time it’s my turn to write our weekly Global Matters blog, there is something happening in China worth writing about. Or perhaps, it is just my colleagues deliberately leaving me with the honour of updating our readers on the latest developments within the Chinese walls (pun intended). Luckily, these days we are not short of significant news and while the west is struggling with rising rates and elevated inflation, China is facing a different set of issues that still have global consequences.


Market Snapshot

  • Global equities fell 2.1% last week
  • Early voting in the US midterm elections has begun, with Republicans expected to take control of the house and gain a slim minority in the Senate
  • Brent crude rose by 2.9% over the week to $98.6 a barrel
  • Gold rose by 2.3% to $1681.9 per ounce

Global Matters Weekly – 31 October 2022

Will the strong dollar continue to spook markets?

by Robert White, CFA — Portfolio Manager

— At times such as this it is important to remember that the global economy is cyclical

We are living in a dollar-dominated world, a fact most famously captured by John Connally, President Nixon’s Treasury Secretary, who once told a group of global finance ministers “the dollar is our currency, but it’s your problem”. Students of economic history will be aware of the disruption that a strong US dollar can cause, however, at times such as this it is important to remember that the global economy is cyclical, and such periods eventually do pass.


Market Snapshot

  • Global equities returned 4% last week
  • Developed markets saw positive returns whilst emerging markets were a mixed picture with China notably seeing a large decline
  • Brent crude oil rose 2.4% last week to $95.7 a barrel
  • Gold fell 0.8% last week to $1644.9 per ounce