- As geopolitical uncertainties over Ukraine resonated across global markets, boosting demand for safe havens like government debt, equities fell and crude oil continued its climb.
- An Asia-pacific equities index fell over 1%, with markets in the red from Japan to China and Hong Kong, which is dealing with a covid outbreak. Energy stocks defied the trend, rising as oil extended its winning streak to eight weeks.
- After significant losses on Wall Street on Friday, the S&P 500 and Nasdaq 100 futures sagged. Treasury yields fell from last week's highs, but bonds in Australia and New Zealand climbed. The dollar index remained stable.
- Tensions over Russia's military buildup near Ukraine are reaching a critical juncture, with the US warning of an impending invasion and Putin accusing the US of failing to meet his demands.
- Russia has denied plans to attack its neighbour on numerous occasions, and diplomatic efforts to fix the situation are ongoing.
