Macro Briefing: 9 February 2022

* Germany’s chancellor says Russia would pay ‘very high price’ for Ukraine invasion
* Russia raises doubts about Ukraine crisis de-escalation efforts
* Supply chain disruptions to ease in 2H:2022, predicts shipping giant Maersk
* Ottawa’s protests inspire similar demonstrations beyond Canada’s borders
* US reports record trade deficit for 2021
* Nissan will end nearly all new gasoline engine development amid shift to electric
* Savers not expected to benefit from Fed rate hikes in near term
* Small US business owners say inflation is most important business problem
* US 10yr Treasury yield rises to 1.96%, highest since mid-2019: