US: Quiet week on the data front with only a few Fed speeches to look out for; Europe: No data but the recent rise in COVID-19 cases will be in focus; APAC: No data this week but news on COVID-19 lockdowns in China will be watched; Globally: The ongoing conflict in Ukraine, and the still fluid COVID-19 situation across Europe and Asia, will continue to dictate investor sentiment.
Investor sentiment remained bearish last week across all developed markets and Asia ex-Japan. Emerging-markets investor sentiment continued to decline, even in the absence of China for the lunar new year holidays, ending negative but just shy of bearish.
Investor sentiment remains very negative in most markets we track, recovering only slightly in Japan and China last week. Uncertainty levels will likely remain elevated until both inflation and Omicron infection numbers have peaked, and the immediate geopolitical worries are lifted.