Thursday 10th March 2022
Looking at the markets this morning you might be mistaken for thinking Vladmir Putin had resigned, but sadly not. The war is still on, and just as messy as ever, but equities have risen, oil is down and bond yields are rising. NAB’s Gavin Friend talks us through this broad reversal in risk sentiment, which he says is being driven by a number of factors, but nothing concrete. There’s also discussion about the ECB meeting today, and the EU’ s plans to issue bonds to reduce dependency on Russian resources. Plus, did Philip Lowe’s speech yesterday indicate a rate rise from the RBA this year was more likely, or less? And US inflation numbers tonight.