Concerns over Ukraine-Russia tensions added to the bearish backdrop as the hawkish turn at the FOMC & other CBs, along with the worries over inflation, as well as earnings as the impacts of surging expenses on the bottom line take their toll. GER40 & UK100 futures are posting slight gains, as are US futures, with tech stocks leading the way. Markets struggled but while European PMI readings this morning are similarly weaker than data out of Japan and Australia overnight, in the current situation that also backs hopes of a cautious stance at the CBs, as the FOMC announcement on Wednesday comes into view. 10-yr rate is 1.76%, German Bund -0.065%, both slightly lower. EURUSD is at 1.130 & Cable 1.3536, both slightly lower. USDIndex nudged higher ahead of FOMC meeting, USDJPY is at 113.60, while oil prices were supported by supply concerns amid rising geopolitical tensions and as OPEC+ struggles to boost output. Brent crude futures rose above $88 per barrel on Monday.
Biggest FX Mover- GBPAUD (+0.41%).
