Global Matters Weekly – 6 June 2022

A jubilant subject

by Robert White, CFA

While we generally do our best to avoid home bias here at Momentum, I propose to break that rule today in recognition of last week’s Platinum Jubilee celebrations. Whatever your views on the monarchy, no one can deny that to serve one’s country as Head of State for 70 years is truly an impressive feat. Since her ascension to the throne on February 6th 1952, Queen Elizabeth II has lived through seven recessions, met 13 US Presidents and outlasted 14 UK Prime Ministers.

Market Snapshot

  • Global equities fell 0.8% last week
  • Russia’s war with Ukraine passed the 100th day
  • Brent crude rose 0.2% to $119.72 a barrel
  • Gold returned -0.1% to $1851.19 per ounce.