Markets tried to look through Russia’s invasion of Ukraine last week, but as the brutal reality of war becomes clearer, and economic blowback spreads across the global economy, sentiment will come under increased pressure in the days ahead.
Daily Archives: February 28, 2022
Macro Briefing: 28 February 2022
* Russian and Ukrainian officials will meet for talks as war rages on
* Next 24 hours will be crucial for Ukraine, says country’s president
* The West adds more sanctions on Russia but largely exempts energy exports
* Putin puts nuclear forces on high alert
* Russian currency plunges amid expanding financial sanctions from the West
* JP Morgan advises that selling equities now faces whipsaw risk
* Geopolitical storm will test consumers’ appetite and ability to spend.
* US consumer spending posts robust gain in January as inflation picked up
* US real Treasury yields are rebounding but still deeply negative:
