Saikat Chatterjee gives a look at what’s ahead for the markets.

The latest U.S. CPI data suggest that inflation is finally peaking, which means even James Bullard’s hawkish remarks haven’t caused much of a stir.

Not only did New Zealand’s central banks just raise interest rates by 50 basis points, but they also kept their previous prediction for rates peaking at 3.35% by the end of 2023.

Accordingly, the dollar has remained stable and not risen sharply.

Dollar’s rise has also stalled, and yields are below their 3-year peak.

The mixed Chinese trade data and imports suddenly falling in March did not affect broader sentiment. An Asian stock market gauge is up over 1%. U.S. index futures, however, are higher.

European stock market futures are not moving forward meaningfully following statements by Vladimir Putin, Russian President. He said that peace negotiations with Ukraine have “returned back to a dead end situation for us.” The euro also suffered from this.

After an overnight rally that saw oil prices rise, futures settled at $105 barrels. The gains were consolidated and pushed inflation expectations higher. Germany’s expected inflation via breakeven rates has jumped to 6%. It is now the highest rate since 2009 data.

The U.S. President Joe Biden stated for the first-time that Moscow’s invading of Ukraine is genocide. A Reuters/Ipsos opinion survey found that his approval rating has dropped to 41%.

Boris Johnson was less than a mile away after his arrest for attending an event in his office celebrating his birthday and violating the coronavirus locking down rules, despite being asked to apologize.

On Wednesday, key developments should give more direction to the markets:

Inflation in the UK reaches a 30-year record of 7.0% in March

– Data corner: US PPI

Decision by Bank of Canada on interest rates

Earnings: JP Morgan Blackrock, NYSE:

Benetton Team working to secure a premium of 30% for Atlantia

OPEC cut 2022 the world’s oil demand as a result of Ukraine war