The standoff of russia ukraine war is continuous, people are still worried about the market

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Data released by the U.S. Department of Labor showed that consumer prices for daily necessities surged in March to their highest level since the early days of the Reagan administration. The CPI, which measures a basket of goods and services, rose 8.5% on an unadjusted basis from a year earlier, beating even Dow Jones's already-high forecast of 8.4%. Excluding food and energy, the core CPI rose 6.5% year-on-year in 12 months, in line with expectations. However, there are signs that core inflation appears to be falling, rising just 0.3% for the month, below expectations for a 0.5% rise. That, in turn, has sparked some hope that headline inflation is easing and that March could represent a peak. Markets reacted positively to the report, with stocks rising and government bond yields falling.

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OPEC said in its latest monthly report that the conflict between Russia and Ukraine will cut global oil demand and supply to a certain extent. Many analysts believe that this also shows that the organization hardly needs to change its current production policy. OPEC may remain on the sidelines amid escalating energy tensions. OPEC Secretary-General Barkindo told the European Union on Monday that the oil market was beyond its control.

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Russia will intensify military efforts in eastern Ukraine. Ukrainian President Volodymyr Zelensky has pressured U.S. and European leaders to provide heavier weapons and equipment for a confrontation with Russia. The Biden administration is expected to announce a new $750 million in military aid to Ukraine as early as Wednesday, the sources said. The Pentagon will host the leaders of the top eight U.S. arms manufacturers on Wednesday to discuss the industry's ability to meet Ukraine's weapons needs. Soaring prices for raw materials and materials propped up by the war in Ukraine are squeezing businesses and consumers. According to an IPSOS poll, nearly 60 percent of French people cite purchasing power as their top concern.

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USD/JPY gained a lot of buying in early European trading on Wednesday and rose above the 126 mark for the first time since May 2002. Risk sentiment recovered and the overall stock market rally weakened the safe-haven yen. This, coupled with the sharp divergence in the Fed-BoJ policy outlook, further pushed funds away from the yen. Bank of Japan Governor Haruhiko Kuroda reiterated that it is necessary to maintain the current strong monetary easing policy to support economic recovery, which is considered to be the key factor behind the latest round of sudden rise in the exchange rate in the past hour or so, around the 125.75-125.85 area (the area is the previous high so far this year and the high of 2015) with some trade stops. Therefore, the momentum can also be attributed to some technical buying, and bulls should remain cautious in an overbought environment.

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Russia's oil and condensate output fell below 10 million barrels per day, the lowest since July 2020, the International Energy Agency (IEA) said on Tuesday, expecting Russia's April oil output to lose an average of 1.5 million barrels per day, 5 Monthly losses will rise to nearly 3 million bpd. The United States and Britain have already imposed bans on Russian oil, while Western sanctions on Moscow's financial institutions have made it difficult to pay for Russian oil. Western sanctions and logistical restrictions on Russia have hampered trade.

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Last month, the Fed has already raised interest rates by 25 basis points. Frank Holmes, executive chairman of HIVE Blockchain Technology, explained: "Higher interest rates will not hit the gold or cryptocurrency markets, real interest rates will not turn positive, and the crypto market has its own trajectory." HIVE blockchain technology is the first A publicly traded cryptocurrency miner listed on the Toronto Venture Exchange.