Macro important news and events:
Fed chairman Powell said on Wednesday that the Fed would “cautiously” raise interest rates at the upcoming March meeting, but would be prepared to take more radical action if inflation did not fall as quickly as expected.
The United States announced new export restrictions on the Russian oil refining industry and imposed new comprehensive export restrictions on Belarus. The EU also approved new sanctions against Belarus on Wednesday, effectively banning about 70% of goods imported from the country.
The OPEC + alliance agreed to stick to the plan of small increase in production in April. The meeting did not discuss the Ukrainian crisis, and ignored the calls of consumer countries to increase crude oil production at the time of the sharp rise in crude oil prices.
The ADP national employment report shows that the US economy has gained a firm foothold as the tide of covid-19 infection in winter caused by Omicron variant subsides. In February, 475000 private jobs were added. The data in January increased by 509000 after correction, while the previous value decreased by Shanghai Hajime Advanced Material Technology Co.Ltd(301000) .
According to the data released by the European Bureau of statistics, the initial value of the harmonized consumer price index (HICP) of 19 eurozone countries in February increased by 5.8% over the same period last year, much higher than the 5.1% increase in January and the 5.4% increase expected by the market, which is contrary to the decline predicted by the European central bank itself.
