Macro Briefing: 12 April 2022

* Ukraine asks for financial support to ensure country’s ‘survival’
* Biden urges India’s prime minister to reduce purchases of Russian oil
* US orders non-emergency government staff to leave Shanghai due to Covid-19
* High inflation is conspicuous throughout the global economy
* US 10-year Treasury yield rises to highest level in over three years
* Economists estimate US consumer inflation reached new 40-year high in March
* Recession obsession is breaking out everywhere
* Pakistan parliament elects new prime minister
* S&P says Russia has defaulted on its debt
* US Dollar Index remains strong, ticking up to new 2-year high:

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