Saudi To Start Lifting Oil Output Further To Fill Russian Gap?

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

• Nikkei 225 down 26.38 points at 27431.51
• ASX 200 down 72.276 points at 7161.7
• Shanghai Comp. up 3.368 points at 3185.524
• JGB 10-Yr future down 7 ticks at 149.69, yield up 0.3bp at 0.241%
• Aussie 10-Yr future down 8.5 ticks at 96.485, yield up 8bp at 3.499%
• U.S. 10-Yr future up 0-03 at 118-23+, yield up 0.91bp at 2.9149%
• WTI crude down $2.34 at $112.92, Gold down $0.70 at $1845.90
• USD/JPY down 8 pips at Y130.05
• FED'S BULLARD: HIGH INFLATION 'STRAINING' CREDIBILITY (RTRS)
• FED’S BARKIN SEES NO SIGN OF US RECESSION THE DATA (BBG)
• ECB'S LANE: FIRST NORMALISATION STEPS WILL VALIDATE MARKET TIGHTENING (RTRS)
• SAUDI ARABIA READY TO PUMP MORE OIL IF RUSSIAN OUTPUT SINKS UNDER BAN (FT)
• EU PUSH FOR PARTIAL RUSSIAN OIL BAN DELAYED BY HUNGARIAN DEMANDS (BBG)