Market Watch
Markets keeping close eye on oil prices, inflation data
Investors could become more jittery if US inflation figure is higher than expected
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As the war in Ukraine entered its second month last week, investors were preparing to accept that this could be another prolonged and messy regional war, albeit one that impacts global energy and commodity markets.
Instead, attention switched to the United States Federal Reserve, whose chairman Jerome Powell said he was prepared to raise the key US lending rate by 50 basis points (bps), rather than just 25 bps, at the next meeting.