Tuesday 5th April 2022
The hope of peace in Ukraine is slipping away as more evidence of war crimes emerges, suggesting diplomacy could take some time. The Euro fell as expectations rose for more sanctions against Russia, which also pushed oil higher. NAB’s Tapas Strickland says negotiations are continuing though and we shouldn’t underestimate the chance for some sort of truce to be found. Meanwhile, inflation remains a global concern, particularly in the US. The inverted yield curve is also a cause for consternation. Tapas suggests the FOMC should have moved sooner on rates and speculates that the RBA will be watching and learning. Will the word ‘patience’ disappear from today’s RBA statement?