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2022 has already reached the average downside levels for midterm years and years DJIA breached its December closing low in Q1, but support looks precarious here and if it does not hold soon lower lows are likely

00:01 - 24/02/22

 

 

 

1/ Russia's sovereign debt (presumably new) is sanctioned. No more access to the US/EU markets. What does it mean? Russia's government is in fiscal surplus, apart from the rollover of debt, Russia is "overfunding" borrowing when strictly speaking it does not need to

 

 

 

China's liquefied natural gas prices jumped to a record high as colder weather boosts demand and drains supplies

 

 

 

German Power Price (for next year) jumps to highest in 2022 following a jump in gas prices due to Ukraine escalation

 

 

 

Looks as if Kremlin is well prepared for sanctions: Russia's FX reserves has hit ATH at $640bn.

 

 

 

 

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