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- Ukraine conflict continues to push energy prices higher thus delaying any expected peak in price trends. - Oil soars on embargo risk; Brent oil hit ....
- Russia-Ukraine situation still impacting the sentiment; awaiting talks between parties. - Major EU PMI Services data mixed in session (Beats: Italy, ....
- Focus remains on the geopolitical tension; bracing for further developments in the Ukrainian crisis after Western countries announced sanctions agai ....
Publicis [PUB.FR] +3% (sales), Deliveroo [ROO.UK] -1% (trading update). - - Speakers - BOE Q2 Bank Liabilities and Credit Conditions Surveys noted that lenders expected the availability of secured credit to increase over the next three months to end-May. Total funding volumes were expected to increase in the three months to end-May (Q2). - German Fin Min Scholz reiterated stance that govt must support businesses and households until the pandemic was over. Country could afford to finance all spending that was needed and stressed that Germany would be better off compared to other countries after the crisis. - German Leading Economic Institutes confirmed it cut its 2021 GDP growth forecast from 4.7% to 3.7% (as speculated). Raised 2022 GDP growth forecast from 2.7% to 3.9%. Cautioned that further delays in vaccine deliveries and virus mutations were the biggest downside risks. ....
- - Speakers - Swiss SECO March Economic Forecasts maintained its 2021 GDP growth forecast at 3.0% while raising the 2022 GDP growth from 3.1% to 3.3%. Raised 2021 CPI from 0.1% to 0.4% and raised the 2022 CPI from 0.3% to 0.4% - - BOJ might tweak a three-tier deposit system at next week s policy review to exempt a larger portion of reserves from negative interest rates ( Note: move would aim to mitigate the pain negative rates inflict on financial institutions profits). To debate whether 10-year JGB yields should be allowed to move flexibly around the 0% target - China Premier Li Keqiang stated that the domestic recovery would create more jobs but employment pressures remain large in 2021. Pro-job policies to be maintained and in some ways strengthened. To create more jobs through market forces and hope to exceed job creation target for 2021. Wanted to promote high quality and sustainable growth; too fast a pace will not be steady. No n ....