Fed Whisperer Flags Scope For Higher For Longer Rates, Russia Suspends Ukraine Grain Deal

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 up 436.41 points at 27541.61
• ASX 200 up 77.78 points at 6863.5
• Shanghai Comp. down 3.984 points at 2911.942
• JGB 10-Yr future up 6 ticks at 148.83, yield down 0.8bp at 0.24%
• Aussie 10-Yr future down 1.5 tick at 96.240, yield up 1.5bp at 3.75%
• U.S. 10-Yr future down 0-05 at 110-27, yield up 1.27bp at 4.025%
• WTI crude down $0.44 at $87.46, Gold down $0.21 at $1644.69
• USD/JPY up 25 pips at Y147.86
• CASH-RICH CONSUMERS COULD MEAN HIGHER INTEREST RATES FOR LONGER (WSJ)
• ECB’S LAGARDE SAYS BEATING INFLATION IS MISSION, MANTRA, MANDATE (BBG)
• ECB'S NEXT RATE MOVE LIKELY BETWEEN 50 AND 75 BPS, KNOT SAYS (RTRS)
• RUSSIA SUSPENDS UKRAINE GRAIN EXPORT DEAL; BIDEN SLAMS MOVE (BBG)
• CHINESE OFFICIAL PMIS PRINT IN CONTRACTIONARY TERRITORY
• CHINA CENTRAL BANK REAFFIRMS IT WILL STEP UP SUPPORT FOR REAL ECONOMY (RTRS)