- Traders weighed geopolitical risks, concerns about Federal Reserve policy tightening and moves taken by China's central bank to support growth as Asian equities and equity futures remained stable.
- In China, where the monetary authority used its medium-term lending facility to inject a net 100 billion yuan ($15.7 bln) into the banking system, stocks moved. In Hong Kong, stocks swayed, but in Japan, they fell.
- After a few tries to recover, the S&P 500 fell for the third straight day, while the technology-heavy Nasdaq 100 ended the day with a modest gain.
- Treasury yields fell as the yield curve flattened, reflecting concerns that anticipated Fed rate hikes could stifle economic development. Bonds have been whipsawed recently due to the ebb and flow of haven demand caused by the Ukraine stalemate. the dollar dipped. Gold maintained its recent advances.
- The tensions between Russia and Ukraine are still causing concern in the oil markets. After surpassing $95 a barrel for the first time since 2014, West Texas Intermediate dipped somewhat but maintained around that level.
