Trading Plan – Monday 4th April 2022: EU eyes further sanctions on Russia

Mark NugentApril 2022, Trading Plan

Trading Plan – Monday 4th April 2022: EU eyes further sanctions on Russia

Good morning.

Last week was predictably quiet as we headed into month- and quarter-end. Most of what action there was could be found in the US. The Fed’s chosen measure of inflation, the Core PCE Price Index, was as per expectation. A good Unemployment Rate reading on Friday prompted a yield curve inversion where the yield on the 2-Year bond exceeded that of the 10-Year bond. Finally, President Biden decided to release 1m barrels-per-day from the Strategic Petroleum Reserve as the US heads into “driving season”. This is not expected to change the global oil price.

This week sees the EU consider yet more sanctions on Russia for alleged war crimes during withdrawal from Kyiv. The highlight of the economic calendar will be on Wednesday when we see the FOMC Meeting Minutes.

We will be back tomorrow.

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