Macro Briefing: 1 March 2022

* Russia set to launch all-out assault on Ukraine’s Kyiv
* US economy appears set to withstand shock from Ukraine crisis
* Western sanctions threaten inflation surge and shortages in Russia
* Russian ruble fell about 30% against the US dollar on Monday
* Russian markets increasingly look uninvestable
* ICC will open investigation into charges of war crimes committed in Ukraine
* Shell, BP and other oil firms exit joint ventures with Russia
* China’s factory activity expanded slightly in February
* US trade deficit in goods increased sharply to record high in January
* 10-year Treasury yield falls to 3-week low as risk-off sentiment strengthens: