The euro has jumped on the headline here with EUR/USD up from 1.0980 to 1.1020 currently.

There isn’t much else besides the headline remark, taken via Reuters. But risk trades re ramping higher at the moment with gold down 1% to $1,976 as well.

The risk of inflation staying above target for longer is higherECB will do everything necessary to secure stability for economy, financial marketsThe headline remark adds to earlier comments from Villeroy and Rehn, offering some pushback or at least an attempt to gather more flexibility with regards

He makes mention to this part of the statement:“Any adjustments to the key ECB interest rates will take place some time after the end of the Governing Council’s net purchases under the APP and will be gradual.“In particular, he says that „some time after“ could mean some weeks or several months. As

As announced by the Russian government. The export bans will cover tech, telecoms, medical, auto, agricultural, and electrical equipment and will run until the end of 2022. No mention of the big one at least i.e. oil and gas related.

This is going to be one of the more interesting ECB meetings as policymakers will have a lot to think about when communicating to the market. Let’s take a look at the situation coming into today. The Russia-Ukraine war is obviously the big thing and that is going to bite at euro area economies. Add

Lavrov also adds that a meeting between Putin and Zelensky was discussed and that the former would not refuse such an encounter. However, any such contact would have to be substantive with specifics. I’m guessing that would mean Kyiv submitting to Moscow’s demands. Otherwise, I don’t see at any poin

Moscow wants a replyThe military operation in Ukraine is going according to planThe difference in the tone and choice of focus points after the meeting suggests that both sides are still far apart from really seeing eye to eye with regards to any peace or ceasefire. Lavrov also warns that the West i

We are ready for diplomacy but also ready to defend ourselvesReady to continue talks in this formatNot easy to listen to Lavrov during the meetingOn a possible ceasefire, Kuleba said that „there appear to be other decision makers involved“. No doubt. If that is the case, talks will continue to lead

Prior -0.7%Market index 502.5 vs 463.1 priorPurchase index 267.6 vs 246.3 priorRefinancing index 1,829.7 vs 1,685.7 prior30-year mortgage rate 4.09% vs 4.15% prior

In case you missed it, it relates to the news from yesterday here.There’s no other details being offered yet from the Russian camp so we can only wait and see. But at least there is a mention that it will be „soon“ though that in itself is rather subjective at times. Also, an important list to remem