Daily Market Insight

• 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

• Oil Slumps With Iran Talks In the Offing as China Lockdowns Grow • U.S. Producer Prices Rise 10%, Reinforcing Fed’s Rate-Hike Path • Japan March manufacturers' mood up, inflation remains a major concern • Yuan Jumps After Report on Saudis Weighing Its Use in Oil Deals

• China Economy Starts Year Strongly as Covid, War Risks Loom • EU tourism surges back in December, but still below pre-pandemic levels • China Tech Stocks Tumble After Historic Rout as Risks Mount • Dollar and Yen slips as traders eye Fed, Russia-Ukraine talks

• U.S. consumer sentiment near 11-year low • IMF Head Cautious on Russian Default, But See No immediate Risk • China Locks Down Tech Hub of Shenzhen as Covid Outbreak Spreads • Dollar Up as Central Bank Prepare to Hand Down Policy Decisions

• ECB Surprises With Faster Stimulus Exit on Risk to Inflation • Households squeezed as U.S. consumer prices accelerate highest in 40 years • China Tech Selloff Deepens as U.S. Delisting Fears Alarm Traders • Euro eases after ECB meeting, while dollar firms following inflation data

• U.S. labor market very tight, job openings near record high in January • Oil rebounds after UAE says it is committed to OPEC+ supply pact • China’s Factory Inflation Eases, but Rising Commodity Prices Remains a Risk • Dollar, Euro Up Over Ukraine-Russia Talks

• Europe's Largest Nuclear Power Plant on Fire as Russia Attacks • Commodities Soar After Reports of Russia Attack on Nuclear Plant • U.S. weekly jobless claims fall; service industry activity slows further • Euro tumbles further after news of fire at Ukrainian nuclear plant

• Fed warns of wage pressures as data shows inflation still rising • Don't go back on quicker taper plans, ECB policymakers say • Cutting Russia off from SWIFT a "matter of days" -euro zone central banker • Rouble plunges to record low, dollar holds firm as West bolsters Russia sanctions