On Monday, the downbeat sentiment took a toll on Asian markets. with a benchmark index falling 1% to the lowest levels since early January. The dollar hovered near a seven-week highs whle U.S. Treasury yields edged up. Incoming Bank of Japan Governor Kazuo Ueda said the merits of the bank's current monetary policy outweigh the costs, stressing the need to maintain support for the country's economy with ultra-low interest rates. This week, European investors will also digest results from the likes of Lufthansa, fund manager Abrdn, London Stock Exchange and Telefonica.
Meanwhile, jittery markets are also keeping any eye on any new developments on the Russia-China front after the U.S. said any lethal aid from China to Russia would come at 'real costs." Republican Representative Michael McCaul has said that Chinese leader Xi Jinping is preparing to visit Moscow next week for a meeting with Russian President Vladimir Putin. On the corporate front, this week at the world's largest telecoms conference, a clash between Big Tech and European Union telecoms firms over who will underwrite network infrastructure is set to dominate discussion at Barcelona.
Key developments that could influence markets on Monday: European economic data: Euro zone Feb consumer sentiment, Germany Feb CPI U.S. economic data: Jan durables goods orders <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ ECB still in rate-hiking mode to contain inflation U.S. inflation reaccelerates as prices remain hot ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Anshuman Daga; Editing by Simon Cameron-Moore)
