Market Sentiment Last Week. The focus of domestic and global investors is on the geopolitical conflict in Ukraine, after Russia launched its invasion of the country on February 24, 2022. Several countries have responded by announcing sanctions against Russia. US President Joe Biden imposed several sanctions primarily targeting Russian financial institutions, while Germany decided to freeze the Nord Stream 2 gas pipeline project, which could potentially hamper gas supplies to Europe. Commodity prices have rallied significantly amid the threat of disruption to the energy supply chain.

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