Reports of Russian atrocities led Germany to say the West would agree to impose more sanctions
An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange Group’s offices in London, the UK. Picture: BLOOMBERG VIA GETTY IMAGES/LUKE MACGREGOR
Japan’s nikkei dipped 0.1%, while S&P 500 stock futures eased 0.1% and Nasdaq futures 0.2%. Euro Stoxx 50 futures were flat and FTSE futures added 0.4%. Data out last week showed inflation in the EU had already surged to a record high, piling pressure on the European Central Bank to rein in runaway prices even as growth slows sharply.
“We now expect the Fed to hike by 50bps in May, June, and July, before dialling the pace back slightly by delivering 25bps hikes at the September, November and December [meetings],” said Kevin Cummins, chief US economist at NatWest Markets. On Monday, two-year yields were up at three-year highs of 2.49% and well above the 10-year at 2.410%.
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