Will Russia's Invasion of Ukraine Raise Inflationary Pressures?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 4 March 2022

⏱️ 33 minutes

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Summary

U.S. equity markets were mixed with just over two hours remaining in the trading day, with the Dow Jones Industrial Average and the S&P 500 Index holding small gains and the Nasdaq Composite and the Russell 2000 Index down nearly 1%. Yields on the 10-year U.S. Treasury note and the 30-year bond backed up again, as investors continue to seek safety amid the unfolding crisis in Eastern Europe. Crude oil prices slipped some, with West Texas Intermediate down 0.55% to $109.99 and Brent off 0.57% to $112.29. But grains continue to reflect rising pressures on current and future supply, with wheat up more than 7% and corn up nearly 5%. And it doesn’t appear as though Russian President Vladimir Putin is any closer to succumbing to the global sanctions regime that’s targeted the country’s oligarchs and hamstrung the lives of ordinary Russians. Indeed, missile attacks against Ukraine’s major cities are intensifying. Meanwhile, the fed funds futures market is still pricing in five interest rate hikes by the Federal Reserve, as potential inflationary pressures increase. Michael Gayed, Portfolio Manager at Toroso Investments, and Frances Coppola, who writes and speaks on banking, finance, and economics, join Real Vision’s Ash Bennington to assess the Russia-Ukraine crisis and its broader global impact. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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0:35.2	Welcome to Real Vision Daily Briefing. It's Thursday, March 3rd, 2022.
0:39.6	I'm Ash Bennington, joined today by Francis Coppola, writer and speaker on banking finance
0:44.8	and economics, and Michael Guy at Portfolio Manager at Toraso Investments.
0:49.9	But first, the day's top stories. Multiple sources reporting that the Russian military has
0:55.1	continued its advance in Ukraine, particularly in the south of the country, where Russian
0:59.9	forces have reportedly encircled Mariopol between the Russian-controlled Crimea and the Russian border.
1:06.9	Let's take a look really quickly at markets, what's happening here.
1:09.7	S&P off about half a point on the day, closing at 4363.
1:16.5	NASDAQ off pretty considerably, off a point and a half on the day, 1.56%
1:20.9	settling down at 13,537.
1:24.1	Russell 2000 also off 1.75% settling down at 2022.
1:32.1	Much to talk about here. Let's pull in Francis Coppola.
1:35.4	Francis, it's a pleasure to have you on the show.
1:38.1	This is our first conversation here on the top of the show, here on Real Vision Daily Briefing.
1:43.0	Talk to us a little bit about what's happening broadly in these markets,
	...

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