What happened before this:
- UK announces asset freeze and travel ban on Boris, Romanovich, Rotenberg, citing close personal ties to russian president Putin
- Putin Orders Troops To Ukraine After Recognizing Breakaway Regions
- Kremlin Hopes Recognition Will Restore Calm; Still Open To Diplomacy
- Western Leaders Condemn Russian Escalation And Prepare Sanctions
- Germany Chancellor Scholz Halts Nord Stream 2 Pipeline Certification
- ECB’s Reinesch: APP May End Sooner Than We Expected In December
- BoE Dissenter Ramsden Sees Further Tightening, Uncertain Outlook
- German Business Morale Improves Significantly In February Survey
- UK Post First Budget Surplus Since The Start Of The Covid Pandemic
- UK Manufacturing Price Pressures At Their Highest Since 1976: CBI
- Risk Sentiment Rebounds After Initial Jolt On Russia-Ukraine Escalation
- US Crude Futures Off The Highs, Ruble Off The Lows In Recent Trade
Economic Release Data:
- UK PSNB Ex Banking Groups Jan: -£2.9Bln (est -£3.1Bln; prev £16.8Bln; prevR £15.3Bln)
- UK Public Sector Net Borrowing Jan: -£3.7Bln (est -£4.2Bln; prev -£16.1Bln; prevR £14.6Bln)
- UK CBI Trends Total Orders Feb: 20 (est 25; prev 24)
- German IFO Business Climate Feb: 98.9 (est 96.5; prev 95.7; prevR 96.0)
- German IFO Current Assessment Feb: 98.6 (est 96.5; prev 96.1; prevR 96.2)
- Italy CPI EU Harmonised (Y/Y) Jan F: 5.1% (est 5.3%; prev 5.3%)
What’s ahead:
All eyes still on Ukraine crisis
Markit Manufacturing PMI (Feb) | Previous: 55.5 Forecast: 56
Markit Composite PMI (Feb) | Previous: 51.1 Forecast: 51.9
Markit Services PMI (Feb) | Previous: 51.2 Forecast: 53
wpDiscuz