Daily Market Insight

• U.S. weekly jobless claims back to 53-year lows • Inflation in Russia hits 7-yr high, prices jump 10% in year-to-date • Japan's Feb current account swings back to surplus from big deficit • Dollar inches up to new two-year peak, 10-yr U.S. Treasury yield touches 3-yr high

• Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate • China's cabinet flags more measures to support economy • Asia’s coal price jumps as EU’s Russia ban threatens supply • Asian shares slip on hawkish Fed, dollar stands tall

• Treasury yields invert as traders weigh U.S. recession risk • EU’s new Russia sanctions to likely include steel, luxury goods, jet fuel and more • World Bank cuts East Asia GDP growth forecasts, warns of risks • Oil prices jump as much as 4% as Saudi Arabia raises prices for customers across the globe

• U.S. unemployment rate drops to 3.6% as labor market rapidly tightens • Euro zone inflation hits new peak, deepening ECB's dilemma • U.S. manufacturing sector activity slows in March; input prices surge • Euro weighed down by talk of fresh Russia sanctions, 2-year Treasury yields near 2.5%

• U.S. Spending Slows in February as Stimulus Fades, Inflation Bites • China’s March Manufacturing, Services Activity Contract • Japan business mood sours as Ukraine war, inflation take toll • Dollar eyes 2.8% quarterly gain as safe-haven flows support, bond yield continued to retreat

• Euro holds at one-month high, yen set for worst month since 2016 • BOJ stands its ground on benchmark yield as global rates pressure builds • China’s factories were hit harder this quarter than last year as Covid drags on, survey says • Oil prices dive as Biden weighs massive reserves release

• U.S. consumer confidence ticks up in March • War, inflation hit euro zone consumer confidence • Japan Feb retail sales post first decline in 5 months on Omicron curbs • Dollar eases, euro rises on Ukraine peace talk hopes

• U.S. goods trade deficit narrows in February; still near record highs • S&P Global forecasts 8.5% contraction in Russia's economy in 2022 • Australian retail sales jump in February • Dollar hits 6-year high vs yen as BOJ moves against rising bond yields

• UK retail sales and consumer confidence fall as inflation mounts • China industrial profits up, but mired in single-digit growth • Oil slumps as Shanghai shuts to curb COVID surge • Dollar edges up, on track for third straight day of gains

• U.S. weekly jobless claims drop to lowest level since 1969 • Euro zone March business growth strong but outlook darkens • Core inflation in Japan's capital hits 2-year high in March • Dollar climbs as data supports bigger rate hikes