- European equities and bonds both dipped on Thursday as investors considered the risks of increasing inflation as well as the impact of the Ukraine conflict. The price of oil notched up.
- The Stoxx Europe 600 index dipped 0.4%, erasing previous gains, as industrial data highlighted the threat of rising raw material prices to economic development. Russian stocks rose after partially resuming trading, from being closed for nearly a month. After the s&p 500 closed 1.2% lower Wednesday.
- Treasury yields maintained their decline, as a section of the yield curve flattened the most in 15 years. Parts of this curve have inverted, indicating a rising possibility of a growth slowdown as rising commodities intensify Europe's energy dilemma.
- Investors are fleeing Treasuries as Fed officials warn that further rate rises may be required to combat the highest inflation in four decades. According to Pimco, despite warning signals from the bond market, the Fed's key rate might be raised to 2.75% by the end of 2023, bringing the cycle to an end.
- Ukraine’s President Zelensky: Ukraine requested tanks from NATO but received no response.
- Japan's PM Kishida: We will respond to the missile situation in concert with the US, South Korea.
- China hopes the US will lift all tariffs as soon as possible - Ministry of Commerce
- North Korea launched a ballistic missile, according to a Japan Coast Guard.
- At the UN Security Council, a Russian-drafted resolution on Ukraine aid fails with 13 abstentions and 2 yes votes.