The remarks are quoted as being told by ECB chief economist, Philip LaneUkraine war may shave 0.3% to 0.4% off Eurozone growth in middle scenarioIn mild scenario, there is almost no impact but this is now seen as unlikelyIn severe scenario, growth may be cut by close to 1%There would be significant

Just one particular one to take note of, as highlighted in bold.That being for EUR/USD at around 1.1200-10 though in the context of today, it must be said that expiries may not matter all too much. Sentiment is everything right now and that matters more. The dollar is trading a fair bit more mixe

Like this morning, there’s zero point in me trying to rewrite the wheel, so to speak, this is what I read. It makes sense that I share the source, rather than you all be subjected to my regurgitation. US Market Open: European stocks extend on losses while NQ falls into bear-markethttps://newsquawk.c

Russian Rouble Recovers From All-time Lows – Trading At Around 83 Vs Dollar In Volatile Trade

Punchy headlines from the Kremlin ~ All via Reuters: PUTIN WILL NOT TALK TO MEDIA AFTER HOLDING TALKS WITH PAKISTAN’S PRIME MINISTER PUTIN WILL HOLD MEETING LATER ON THURSDAY WITH LEADERS OF RUSSIA’S BIGGEST COMPANIES PUTIN WILL DECIDE HOW LONG RUSSIA’S MILITARY OPERATION IN UK

Spot Palladium rises over 8%: Gold up over 3%

„Urgency and consensus is utmost priority at the moment,“ said an EU diplomat, adding that at this stage it meant no move on SWIFT, because doing so would have such wide-ranging consequences, also in Europe~ We know that cutting Russia off from SWIFT is the ’nuclear option‘ – appears some EU politic

Prior -5.4%Market index 466.4 vs 537.0 priorPurchase index 250.7 vs 279.0 priorRefinancing index 1,677.7 vs 1,988.8 prior30-year mortgage rate 4.06% vs 4.05% prior

With new economic data, we will readjust asset purchases if neededThen we will see about raising interest ratesAfter the hawkish tones from Holzmann and Vasle earlier, there isn’t much enthusiasm from de Guindos here.

Not that it really matters for markets at this point, this is more to making it official. The impact of the sanctions are rather minimal at best so it isn’t anything that has a significant impact on the global economy. Carry on as you will.