Daily Market Insight

• U.S. consumer confidence ticks up in March • War, inflation hit euro zone consumer confidence • Japan Feb retail sales post first decline in 5 months on Omicron curbs • Dollar eases, euro rises on Ukraine peace talk hopes

• U.S. goods trade deficit narrows in February; still near record highs • S&P Global forecasts 8.5% contraction in Russia's economy in 2022 • Australian retail sales jump in February • Dollar hits 6-year high vs yen as BOJ moves against rising bond yields

• UK retail sales and consumer confidence fall as inflation mounts • China industrial profits up, but mired in single-digit growth • Oil slumps as Shanghai shuts to curb COVID surge • Dollar edges up, on track for third straight day of gains

• U.S. weekly jobless claims drop to lowest level since 1969 • Euro zone March business growth strong but outlook darkens • Core inflation in Japan's capital hits 2-year high in March • Dollar climbs as data supports bigger rate hikes

• UK inflation hits 30-year high of 6.2%, beyond expectation • Japan's March factory activity up, Ukraine crisis weighs on outlook • Putin wants 'unfriendly' countries to pay for Russian gas in rubles • Dollar climbs, euro dips, as Biden brings sanctions plan to Europe

• Fed policymakers call for bigger rate hikes to fight inflation • Global bonds face the worst drawdown on record from peaked • Oil edges lower as EU looks less likely to ban Russian oil • Dollar slips as Powell boost fades

• Fed’s chair delivered hawkish stance to fight against inflation • Crude up 7% as Europe Said to Mull U.S.-like Ban on Russian Oil • BOJ's Kuroda renews powerful easing pledge in wake of hawkish Fed signal • Yield spiked after Powell hawkish comments

• China keeps lending benchmark unchanged but Q2 easing expected • IMF says Fed tightening appropriate, adds to risks for emerging markets • UK consumer spending in line with pre-pandemic level • Dollar Up, Yen Down in a Tale of Two Central Banks

• Bank of England hikes rates again but shows unease over outlook • BOJ keeps policy steady, warns of uncertainty over Ukraine crisis fallout • Oil surges 8% amid warnings of Russian supply shortages • Dollar Up, but Near One-Week Low, as Fed Decision Impact Continues

• Fed Lifts Rates for First Time in Three Years as Fight Against Inflation Begins • U.S. retail sales slow, huge savings likely to provide a cushion against inflation • China Stocks Jump Most Since 2008 as State Council Vows Support • Dollar falls as hawkish Fed delivers without an extra kick