U.S. Futures Fall on Inflation Fears as War Rages: Markets Wrap
“U.S. equity-index futures fell amid concerns the nation’s inflation accelerated for a sixth successive month and that the Russian attack on Ukraine will continue. Bonds rallied as investors turned to the European Central Bank to gauge policy makers’ response to the war in Ukraine. Contracts expiring this month on the S&P 500 and Nasdaq 100 indexes slid at least 0.8% each after U.S. stocks rallied on Wednesday by the most since June 2020.”
ECB to Buy Time on Stimulus Exit in Cloud of War: Decision Guide
“The European Central Bank is set to decide how it can shield the continent’s economy from the consequences of the war in Ukraine while navigating an unprecedented inflation shock that shows no signs of abating.”
Bank of Korea Sees Inflation Elevated for Considerable Period
“Stubbornly high inflation overshadowing South Korea’s economic recovery is likely to continue for a considerable time, the Bank of Korea said Thursday, citing the crisis in Ukraine and rising food prices among risks.”
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