Comments from President Putin in an interview this week add to signs that efforts to reach a peace deal in Ukraine will be challenging. Elsewhere, the Q4 figures out of Central Europe point to a recovery at the end of last year, but more timely figures suggest this didn’t continue at the start of 2025. Finally, while Turkey’s inflation figures due on Monday are likely to show a sharp rise in the m/m rate, this doesn’t mean the central bank will pause its easing cycle.
We’ll be discussing our latest thinking on the war in Ukraine, any potential end, and the macro and commodity market implications in an online briefing next Wednesday 5th February. (Register here.)
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