Inflation will have the biggest impact on global markets in 2022, according to an annual survey of corporate clients published by JPMorgan. Liquidity will remain in the middle as the biggest daily trading challenge for the sixth year in a row.
Nearly 48% of the 718 corporate customers surveyed at the end of November 2021 highlighted inflation as the biggest market mover this year, displacing the global pandemic that topped the list last year.
Market expectations of impending rate hikes have been rising since late last year, and hopes that this trend will be temporary have faded in recent weeks as major countries struggled with rising inflation readings.
Economic displacement and the pandemic were the next factors that appeared to have the biggest impact, with 13% each.