Macro Briefing: 2 February 2022

* Putin says West has ‘ignored’ Russia’s key concerns over Ukraine
* Despite blaming US for Ukraine tensions, Putin still open to diplomacy
* US consumer spending pivoting from goods to services
* US national debt tops $30 trillion for first time
* Eurozone annual inflation rose to 5.1% in January–a record high
* Global manufacturing output and new order growth slowed in January
* Google parent Alphabet reports strong 32% revenue growth in Q4
* Job openings in US remain elevated, near 11 million in December
* US construction spending continued to edged higher in December
* US ISM Mfg Index fell again in January but still indicates growth: