Daily Alert: Sharemarkets start 2022 on a soft note

  • Global sharemarket performance was strong over 2021, with the MSCI global index up 20%, the US S&P500 up 27%, and Australia’s All-Ords index up nearly 14%.
  • European sharemarkets fell on Friday. The pan-European STOXX 600 index shed 1%, while also marking its worst week since late November.
  • US sharemarkets were mixed on Friday. Disappointing trading results from JPMorgan Chase (-6.2%) and Citigroup (-1.3%) weighed on the Dow Jones index. But Wells Fargo shares rose 3.7% on a bullish forecast for a measure of lending.

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