Headlines:Russia says that it is putting more energy into peace talks than Ukraine isRussia says that talks with Ukraine are continuingUK military intelligence: Russian invasion of Ukraine has largely stalled on all frontsECB’s Lagarde: Inflation increasingly likely to stabilise at 2% target over me

The post-Fed volatility is continuing to play out as equities start to push lower on the day now. S&P 500 futures are down 0.5% while European indices are also turning red on the day. The DAX is down 0.9% currently after a more optimistic open earlier.
The dollar is also making back some ground agai

The headline remark is from its deputy industry minister. That’s not a normal comment to make and it comes at a time when markets are particularly sensitive to all of this with the whole supply chain crisis and geopolitical feud between Russia and Ukraine.

Headlines:Lavrov: Peace talks with Ukraine aren’t easy but there is certain hope for compromiseIEA says 3 mil bpd of Russian oil could be shut in from April as sanctions biteNickel trading reopens on LME, hits 5% lower limitChinese equities bounce back strongly on the dayChina vice premier Liu He: M

Prior +8.5%Market index 496.5 vs 502.5 priorPurchase index 269.5 vs 267.6 priorRefinancing index 1,778.3 vs 1,829.7 prior30-year mortgage rate 4.27% vs 4.09% priorThe drop comes as the 30-year rate rises to its highest since May 2019, as refinancing activity is marked lower and offsetting the slight

I’m gonna expand some thoughts from this post earlier here.At this stage, there is only one focus when it comes to the Fed and that is inflation. It is the hot topic on everyone’s lips but what exactly can the Fed really do at the moment?As inflation in the US (and across the globe) soars, everyone

Sees no sign of wage-price spiralShould focus on normalising monetary policyI’d agree that any major connections to a wage-price spiral are not evident at the moment but other issues encompassed by stagflation risks are certainly there. The big issue here though is that what exactly do central banks

At this stage, the Fed has little propensity to surprise on the rate decision today. When markets wanted to run with a 50 bps pricing, they pulled it back and boxed themselves into a 25 bps move later. It would be a big surprise if they do actually hike by 50 bps today but perhaps not entirely u

The drop in oil prices is continuing to gather pace on the day, with both WTI and Brent suffering more than 8% losses currently. The former is down to $94 levels while the latter is down to $98 levels, both tracking below $100 again.As mentioned earlier, the array of bullish factors are starting

The moves from earlier here are pretty much sticking, with equities continuing to look sluggish as well while bond yields are keeping lower – backing away from multi-year highs yesterday.EUR/USD continues to hug the 1.1000 level while USD/JPY is just off its low earlier of 117.72 to near 118.00 curr