It was another turbulent week for global markets as the conflict in the Middle East continued to escalate. Attacks in the region continued, leading Brent crude oil to reach over $100 per barrel. Equity indices in both Europe and the United States fell, while bond yields continued to rise.

Last week’s highlights

	US February CPI (11/03) – Remained at 2.4% YoY, in line with consensus US Core PCE Price Index (13/03) – Slowed to 2.8% YoY, below consensus JOLTS Job Openings (13/03) – Job openings above consensus at 6.95mn
	German Inflation (11/03) – Unchanged final revision at 1.9% YoY Eurozone January Industrial Production (13/03) – Fell by 1.2% YoY, below…