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

Expects stagflation in the coming monthsCollapsing economic expectations are accompanied by extreme rise in inflation expectationsImpact is seen across all sectors of the German economyEven more so in energy-intensive sectors and the financial sectorWell, I don’t think there’s much in here that we d

Prior -8.1
Expectations -39.3 vs 10.0 expected
Prior 54.3

That’s a poor reading but it is more or less expected, though the outlook reading shows a marked deterioration in sentiment. The Russia-Ukraine situation is largely to blame, with inflation worries surging and will likely

Headlines:Kremlin: All Russian plans in Ukraine will be fulfilled and in the time frames outlinedUkraine presidential adviser says talks with Russia are ongoingUkraine on talks with Russia: Our positions are unchangedRussia: Further developments in Ukraine depends on Kyiv’s willingness to compromise

Russia has not asked China for military assistanceRussia has sufficient military resources for its military operation in UkraineSo much for the so-called peace and ceasefire. The remarks here continue to underscore that nothing has changed.

I’m putting this headline out to talk about it because it says a lot on the state of the market right now.Push this headline two weeks back and you’ll see risk trades start to get hit. Now, there’s barely even a squint. That pretty much tells you how the market is adjusting to the Russia-Ukraine sit

The euro is up, stocks are higher alongside bond yields, while gold and oil are pulled down. It’s the so-called „peace“ trade playing out as fears surrounding the Russia-Ukraine situation are being faded. As much as the situation on the ground remains unchanged, markets are starting to adapt and adj

The fourth round of discussions have begun and while there is hope for some positive outcome, I doubt it will change much of the situation on the ground at least.

One of the chief risks to 2022 continues to be wide-spread China lockdowns putting a renewed strain on global supply chains.
Cases in Hong Kong are totally out of control and outbreaks are growing in the mainland. China today reported 1524 locally transmitted cases, up from 1100 a day earli

Ryabkov was speaking with Russia’s Channel One broadcaster, comments reported by Russia’s state news agency TASS:

“We warned the United States that pumping Ukraine with weapons from a number of countries orchestrated by them is not just a dangerous move, but an action that turns the c