NAB – The Morning Call · Hiking away from the fighting

Hiking away from the fighting

Thursday 3rd March 2022

It almost seemed like business as usual for markets overnight. Equities rebounded strongly and demand dipped for bonds, pushing yields higher. As NAB’s David de Garis remarks, it all seems a little topsy turvey. Investing in shares doesn’t seem a logical choice as the Fed chairman indicated that the path of rate rises in the US will continue unabated, just as the Bank of Canada lifted its rates for the first time since the pandemic.  But away from equities, there are still clear signs of disruption from Ukraine, with oil prices continuing to increase, coal rising higher and wheat prices soaring.

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