(Il Sole 24 Ore Radiocor) – The relaxation of the international situation around Ukraine supports i European marketsthat already in the session of Tuesday 15 February they caught their breath with a general return of the risk appetite. The withdrawal from the Ukrainian border of part of the Russian troops has eased tensions even though the president of the United States, Joe Biden, believes that “the Russian invasion remains a real risk”. For Russia this is a planned withdrawal at the end of a series of exercises.
Meanwhile, the publication of the quarterly and attention remains high on the moves of central banks. There is waiting for the minutes of the last meeting of the FOMC, the monetary policy committee of the Federal Reservefrom which the market hopes to find more indications to understand the extent of the first rate hike expected in March and the pace that the US central bank wants to follow to raise rates in the course of 2022.
Also the attention on the European Central Bank and what it will do to tackle inflation. Speaking to the Financial Times, Isabel Schnabel – a member of the ECB executive committee – appeared with a “hawkish” attitude, declaring that the Frankfurt institute cannot ignore an “unprecedented” rise in house prices when facing inflation estimates.