The infoshot to help kick-start your week
- President Vladimir Putin banned all Russian residents from transferring foreign currency abroad.
- The Swiss government agreed to enforce European Union sanctions against Russian companies and individuals including President Vladimir Putin and Foreign Minister Sergei Lavrov.
- Federal Reserve Chair Jerome Powell backed a quarter-point interest-rate hike this month to commence a series of increases.
- Commodities extended their massive rally as Russia’s invasion continues to shake global markets and fuel fears of supply crunches. Prices from crude to aluminium and wheat have soared with oil rising to above $112 a barrel on Friday.
- MSCI and FTSE Russell are cutting Russian equities from widely tracked indexes, isolating the stocks from a large segment of the investment-fund industry.
- Volkswagen, BMW and Toyota Motor have idled Russian plants and suspended shipments to the country as part of a broader retreat by global corporate giants.
- Eurozone GDP (YoY) (Q4) to be released on March 8th, forecasted to be 4.6%.
- China CPI (YoY) to be released on March 9th, forecasted to be 0.8%.
- U.S. CPI (YoY) to be released on March 10th, forecasted to be 7.3%.
The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.Open document settingsOpen publish panel