Risk-on as Putin backs-off (a bit)
b'Wednesday 16th February 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9There\\u2019s a bit more positivity in the markets today, certainly since yesterday morning, because Russia hasn\\u2019t invaded Ukraine, and talks continue. But NAB\\u2019s Rodrigo Catril says there is still plenty to be cautious about. NATO can\\u2019t confirm Russian troops have moved from the border, as Putin had claimed, and the central issue of Ukraine\\u2019s right to NATO membership remains unresolved. Still, markets have taken it as good news, offsetting any inflation concerns that should have arisen from US PPI numbers yesterday. UK jobs numbers also showed wage pressures and today, loads more, inflation and producer prices for many parts of the world. We also get to see the RBA\\u2019s Debelle and Bullock in front of the senate tonight.
Hosted on Acast. See acast.com/privacy for more information.
'