Can’t rule out stagflation after Russian attackWar will delay second-round effects in euro areaMonetary policy must be gradual, patientMove towards neutral stance is necessitated and welcomeJust some token remarks. We’re yet to see any firm communique by the ECB ahead of next month’s meeting and giv

This is due to a cyberattack with Toyota supplier, Kojima Press, believed to be the main target. A spokesperson for Toyota has said that the firm is still checking a report on domestic factory operation suspension and studying if they can restart the plants on 2 March if possible.Well, this isn’t go

That might be indicative of some improvement in market sentiment but it again shows much of the resilience of the aussie and kiwi throughout the whole Russia-Ukraine ordeal since the beginning.
There are still cautionary tones across other asset classes with equities down markedly and Treasury yield

A number of Russian banks have been removed from SWIFT:

The banks affected are „all those already sanctioned by the international community, as well as other institutions, if necessary“

Assets of the Bank of Russia (Russia’s central bank) will also be frozen. 
A joint statement after agreemen

For some background to this: Momentum grows to remove Russia from SWIFT An unnamed member of the European Central Bank Governing Council cited by Reuters says a decision to remove Russia is coming: „SWIFT is just a matter of time, very short time, days,“ the central bank governor, who a

I highlighted a under-appreciated trend last week: Public pressure to do more to punish Russia.It started with Biden’s press conference where he was hit with question after question about harsher sanctions and cutting of Russia from SWIFT.That same pressure has hit politicians everywhere. On

US stocks put together back-to-back up days to end week. S&P and Nasdaq close week higher
Gold trades lower on the week
Crude oil settles the week at $91.59 and that is lower on the week
Dallas Fed trimmed mean PCE inflation 3.5% vs 3.1% prior
Baker Hughes oil rig count up 2 to

The major indices have put together back-to-back up days with the Dow leading the way and having it’s best day in 2022. The gains come despite risk of more unrest in Ukraine as Russia surrounds the capital city of Kyiv.The final numbers are showing:Dow industrial average closed up 834.92 points or 2

Gold is lower on the week Gold, like crude oil, is closing near unchanged/lower on the week despite mid week spikes on the back of the Russian invasion of Ukraine. The spike high in yesterday’s trading, saw the price move up to a high of $1974.40. That took the price to the highest le

Crude oil is closing lower this week. The price of crude oil settled today at $91.59. That is down $1.22 on the day. For the week, last Friday the price closed at $92.00. So believe it or not, the price is closing lower on the week after trading as high as $100.50 on the spike high on