Macro Briefing: 2 March 2022

* Biden says he’ll halt Russia, fight inflation in State of the Union address
* Oil prices at risk of skyrocketing from already high levels
* Brent oil, the international benchmark, tops $110 a barrel on Wednesday
* Three paths for how the Ukraine war ends
* Global supply chains face new pressures as Ukraine war continues
* White House says US is realigning trade policy toward China
* Eurozone headline inflation rises to record 5.1% January as core inflation eases
* Global manufacturing activity registers moderate pace of growth in February
* US manufacturing activity posts another solid performance in Feb via ISM data
* US Q1 GDP estimate now at 0% growth via Atlanta Fed’s GDPNow model: