Wu Wei

21 March 2023

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  • Global equities were flat last week
  • Some of the world’s leading central banks jointly announced an effort to ease liquidity pressures by enhancing US dollar swap line arrangements.  The latest intervention comes after the collapse of Silicon Valley Bank (SVB) Financial and the turmoil surrounding Credit Suisse
  • Brent crude fell by -11.9% to $72.97 per barrel
  • Gold rose by 6.5% to $1989.25 per ounce in its best weekly performance since COVID-19, amidst the risk-off tone throughout markets
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