United States:
U.S. Consumer Confidence Drops to Five-Month Low in February
“U.S. consumer confidence fell in February to the lowest since September as expectations for growth and financial prospects softened amid decades-high inflation. The Conference Board’s index decreased to 110.5 from a downwardly revised 111.1 reading in January, according to the group’s report Tuesday. Economists in a Bloomberg survey had called for a reading of 110.”
Europe:
EU Set to Ban Russia Bonds in Sanctions Response: Ukraine Update
“Ukraine moved toward declaring a nationwide state of emergency following Moscow’s recognition of two breakaway regions, as President Vladimir Putin said he remains open to “diplomatic solutions” so long as Russia’s interests and security are guaranteed. The state of emergency — which would allow Ukrainian officials to impose restrictions on movement and media — would last an initial 30 days, with parliamentary approval expected later on Wednesday. A senior security official played down the impact of the measure and called for calm.”
Asia:
Bank of Korea Seen Holding at Lee’s Last Meeting: Decision Guide
“The Bank of Korea is seen standing pat on rates at Governor Lee Ju-yeol’s last policy meeting Thursday, while delivering new inflation forecasts that will offer clues about the likely speed of the bank’s tightening ahead. All 17 economists surveyed by Bloomberg expect the BOK to hold its seven-day repurchase rate at 1.25%, as it pauses to assess the impact of three hikes since August.”
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