New York Session Heads Up | Feb 25 2022

What happened before this:

• Russian Forces Converge On Ukraine’s Capital After Missile Barrage
• Kremlin: Will Only Talk To Ukraine Once Military Lays Down Arms
• Ukraine Signals Readiness For Talks With Russia On Neutral Status
• Lawmakers Press Biden For Tougher Russia Sanctions Over Invasion
• Fed’s Waller: Should Lift Rates A Full Percentage Point By Mid-Year
• ECB Policymakers Told Ukraine War May Shave 0.3%-0.4% Off GDP
• BoE’s Mann Says Inflation Expectations Drove Vote For 50 Bp Hike
• German Economy Shrank Less Than Initially Reported At Year End
• French Inflation Tops Estimates In February As Energy Prices Soar
• European Equity Markets Partly Rebound From Yesterday’s Slump
• Rouble Up From Record Low With Ukraine War, Sanctions In Focus
• Oil Prices Take Breather As Russia Advances Further On Ukraine

Economic Release Data:

• Eurozone M3 Money Supply (Y/Y) Jan: 6.4% (est 6.7%; prev 6.9%)
• Eurozone Consumer Confidence Feb F: -8.8 (est -8.8; prev -8.8)
• German GDP SA Q4 F (Q/Q): -0.3% (est -0.7%; prev -0.7%)
• German Import Price Index (M/M) Jan: 4.3% (est 1.6%; prev 0.1%)
• French CPI (Y/Y) Feb P: 3.6% (est 3.3%; prev 2.9%)
• French CPI EU Harmonised (Y/Y) Feb P: 4.1% (est 3.7%; prev 3.3%)
• French PPI (Y/Y) Jan: 22.2% (prev 17.7%; prevR 18.0%)
• French Consumer Spending (Y/Y) Jan: -2.1% (-1.8%; prev -5.1%; prevR – 5.4%)
• French GDP Q4 F (Q/Q): 0.7% (est 0.7%; prev 0.7%)
• Spanish PPI (Y/Y) Jan: 35.7% (prev 35.9%; prevR 35.2%)
• Belgium GDP SA Q4 F (Q/Q): 0.5% (prev 0.5%)
• Italian Consumer Confidence Index Feb: 112.4 (est 114.4; prev 114.2)
• Sweden Household Lending (Y/Y) Jan: 6.7% (prev 6.8%)
• Sweden PPI (M/M) Jan: 0.7% (prev 2.8%)
• Sweden Economic Tendency Survey Feb: 113.0 (est 110.0; prev 110.1; prevR 109.8)