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FX Markets Open 0700GMT, Stocks Remain Closed

  • FX/FI MARKETS (FX Trading Open, Stocks Closed)
  • Similar to yesterday, FX trading is set to open at 0700GMT, while the stock market will remain closed. Global risk sentiment recovered yesterday as Zelensky stepped back from NATO accession goals, bolstering hopes for progress towards a ceasefire.
  • Feb CPI data printed at a new 6Y high, but slightly lower than expectations yesterday – although these numbers will not reflect the impending surge that will come from Western sanctions and the Ukraine conflict.
  • March W/W numbers reflected early signs of this, rising +2.22% vs 0.45% prior in an ominous signal of more entrenched pro-inflationary pressures to come throughout the year as good shortages and higher energy prices weigh on production, activity and pricing dynamics.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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