Monday 21st March 2022
Nobody really knows how the war in Ukraine will play out, but we kick off the week with reports from Turkey that an understanding between Ukraine and Russia might be closer. There’s even speculation that the two leaders will meet face to face – obviously at opposite ends of a very long table. On today’s Morning Call Phil Dobbie talks to NAB’s Ray Attrill about the market optimism right now, with equity markets rising despite the prospect of many rate hikes this year. Supply chain disruption looks set to be with us for longer, with more lockdowns in China over the weekend. But it’s the words from Fed speakers that will be the focus of attention at the start of the week – will they support the hawkish stance of the FOMC last week or try to rein back a bit?