07 MAR 2022
Russian attack on Ukraine nuclear site intensified the market selloff; haven assets rallied and commodity prices surged, global risky asset valuations ended another week in the loss.
Powell restated the intention to hike rates during his House hearing, while the ECB may have to opt for a different route; the market now prices in a later rate hike in Europe, banking equities tumbled as the rate hike path shifted, aside from the macro turmoil.
Upbeat US payroll numbers urges the Fed to act fast, but failed to encourage the market.
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