NAB – The Morning Call · More war talk adds to a storm of uncertainty
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More war talk adds to a storm of uncertainty

Monday 21st February 2022

There’s more uncertainty in the markets as tensions mount still further over Ukraine. Words from Biden and Johnson won’t help for the start of this week, alongside news that Russian troops on military exercises in Belarus are not going home anytime soon. NAB’s Rodrigo Catril says conflicts often have a short-lived impact on markets, but wonders whether this will be different, given the scale of it and the inflationary impacts it would have on Europe. Meanwhile, words from the Fed’s John Williams over the weekend have reduced the likelihood of a 50 basis point rate hike in the US next month. And for those looking of hard numbers there’s a plethora of PMIs, except the US, where it’s President’s Day today. Plus why NZ bonds could be in demand.

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