Is Wall Street Taking a Big Hit?

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Wall Street is coming down from the crazy piendemic eyes that we saw last year when things were first reopening, everything looked amazing in comparison with lockdown. So now it's more just, you know, if you're a company, the economy is till in decent shape and so your revenues are probably still going up by a kind of normal amount. Most investors are still thinking that over all, through the year, chas should start trending upwards. But even without any excalation of the situation in ukraine, we're not going to go back to what the last 18 months had been like.

The US stock market has suffered its worst start to the year since the global financial crisis, US and European allies are preparing what is being described as the most aggressive package of economic and financial sanctions ever assembled to punish Russian president Vladimir Putin, and Italian government bonds rallied as investors welcomed the re-election of Sergio Mattarella as president.

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Mentioned in this podcast:

US stock markets endure worst January since global financial crisis

US and European allies ready aggressive sanctions against Russia

Draghi gains vital time for policy revamp after Italy re-elects Mattarella as president

Sony buys video game maker Bungie for $3.6bn as dealmaking accelerates

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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