Getting ready to Ruble
Thursday 24th March 2022Bond yields have come back a fair bit today. NAB\u2019s Gavin Friend says it\u2019s just a recalibration after the massive hikes we\u2019ve seen over recent days. The tone from the FOMC certainly hasn\u2019t changed. Meanwhile oil prices have risen sharply, in part because President Putin has threatened that Europe should pay for gas in Rubles, rather than dollars or Euros. If it\u2019s an attempt to get the West to roll back on sanctions he might be disappointed, with Biden meeting with the EC, NATO and G7 over the next day or two, where the one question on everyone\u2019s mind will be, \u201cwhat do we do next?\u201d And for an early sign of the impact of the war on Europe, the UK and USA, flash PMIs are out later on.
Hosted on Acast. See acast.com/privacy for more information.