{"id":3151,"date":"2022-02-10T12:22:00","date_gmt":"2022-02-10T04:22:00","guid":{"rendered":"https:\/\/www.bis.hk\/?p=3151"},"modified":"2022-03-25T12:24:44","modified_gmt":"2022-03-25T04:24:44","slug":"monthly-viewpoint-january-2022","status":"publish","type":"post","link":"https:\/\/www.bis.hk\/zh-cn\/monthly-viewpoint-january-2022\/","title":{"rendered":"Monthly Viewpoint &#8211; January 2022"},"content":{"rendered":"\n<p><br><img decoding=\"async\" src=\"https:\/\/www.bis.hk\/wp-content\/uploads\/2020\/11\/833px-PDF_file_icon.svg_.png\" alt=\"\" style=\"width: 30px;\">&nbsp;Monthly Market review \u2013&nbsp;<a href=\"https:\/\/www.bis.hk\/PDF\/Jan2022Viewpoint.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Article<\/a><\/p>\n\n\n\n<p>Markets suffered a severe jolt in the early weeks of the new year. Bond yields rose sharply, and Wall Street<br>suffered its steepest drop since the pandemic crash of March 2020. The S&amp;P 500 fell by close to 10% from its<br>all-time high recorded on 3rd January before a late rally reduced the loss for the month to 5.2%. Most other<br>equity markets were dragged down with similarly large declines, but there were notable exceptions; some<br>emerging markets benefitted from strength in commodity markets, notably oil, up +17% in January, while the UK market delivered a positive return, up +1.6% in GBP terms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe are at a critical transition in the cycle. On the positive side, we<br \/>\nare learning to live with Covid, and in practical terms are moving<br \/>\nto endemic status\u201d <\/p>\n<p class=\"customLink\"><a class=\"\" href=\"https:\/\/www.bis.hk\/zh-cn\/monthly-viewpoint-january-2022\/\">\u66f4\u591a<\/a><\/p>\n","protected":false},"author":2,"featured_media":3157,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-3151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-46"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts\/3151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/comments?post=3151"}],"version-history":[{"count":2,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts\/3151\/revisions"}],"predecessor-version":[{"id":3163,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts\/3151\/revisions\/3163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/media\/3157"}],"wp:attachment":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/media?parent=3151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/categories?post=3151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/tags?post=3151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}