Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
After a report showed that inflation in China strengthened in January with the consumer price index reaching 2.5 percent y/y and producer price index reaching 6.9 percent y/y, which is the highest in five years, further reports confirmed that the return of inflation is likely to be a global phenomenon.
- German inflation report confirmed 1.9 percent price growth y/y in January, which is well within the target of the European Central Bank (ECB).
- Retail price index (RPI) in the UK jumped to 2.6 percent y/y in January. Producer price index for output rose by 3.5 percent y/y. Weak pound pushed the input cost to rise 20.5 percent y/y. House price index is up 7.2 percent y/y. Compared to the above the rise in consumer price index was small, it rose by 1.8 percent y/y.
- In Switzerland, the economy returned to positive yearly inflation for the first time since 2014. The consumer price rose by 0.3 percent y/y, producer and import prices rose by 0.8 percent y/y.
This rise in inflation is likely to continue for some time now. We expect the increasing price of commodities to support the increasing inflation, especially metals and agriculture.
