- Asian equities rose while crude oil fell, as traders weighed the possibility of lessening geopolitical tensions in Ukraine after Russia announced the withdrawal of some forces.
- Slowing inflation is giving the central bank more leeway to loosen policy to support development in Japan, Hong Kong, and China. Contracts in the US tumbled after tech companies helped the S&P 500 end a three-day losing streak.
- Russia announced a partial withdrawal of tens of thousands of troops stationed near the Ukrainian border, indicating that it prefers a diplomatic solution to the problem. Biden said the US has not to verify Moscow's assertions and that an invasion is still a possibility, despite the Kremlin's denials.
- Oil was trading at $92 a barrel as traders revisited concerns about commodities supply disruptions ranging from energy to metals and grain.
- The 30-year treasury yield rose to its highest level since May, prompting a sell-off in safe-haven assets. Bonds in Australia and New Zealand dropped, although longer-maturity treasuries maintained the majority of the losses. The dollar and gold both fell further.
