Financial Markets Daily Report

Financial Markets Daily Report
16 February 2022

Investors traded with an optimistic mood on Tuesday, following news that the Russian government has started to remove some of its military troops near Ukraine after the completion of drills.

FMDR
  • Investors traded with an optimistic mood on Tuesday, following news that the Russian government has started to remove some of its military troops near Ukraine after the completion of drills.
  • The positive headlines outweighed the further jump in PPI inflation in the US (9.7% y/y in January) and the weaker-than-expected improvement in the German ZEW survey for February.
  • Gas prices in Europe fell by 12% to the lowest level since the start of the year, following also reassuring comments on energy supplies by Russian President Putin to the German Chancellor. In sovereign debt markets, the risk-on mood triggered a further rise in bond yields across Europe and the US. Stocks also recovered some of the recent losses.
  • The key data releases today are industrial production and retail sales for January in the US. The Fed will also publish the minutes of its January meeting.
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