Biden dips into reserves, Putin demands Roubles from today
b'Friday 1st April 2022There\\u2019s a hefty emphasis on oil and gas this morning. Putin is demanding payment in Roubles from today, but there seems to be some caveats and so the impact isn\\u2019t as pronounced as you might expect. More significantly, President Biden has announced a six-month commitment to a daily draw down from the US strategic oil reserves. Will it be enough to make a difference? NAB\\u2019s Ken Crompton says the markets seem to think so, with a significant fall in the WTI price this morning. Also today, we look at China\\u2019s PMIs, which are firmly in contraction territory as they pursue their zero-COVID policy. And tonight, non-farm payrolls, where the focus might be more on wage inflation than the jobs numbers themselves.
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