- US equity futures rose, and Asian stocks pared losses, as investors hoped for a meeting between Biden and Putin on Ukraine.
- The Nasdaq 100 contracts recovered from a more than 1% drop, and the S&P 500 futures also turned positive. The asia-pacific index of MSCI has recovered from its lows, though key markets such as Japan, Hong Kong, and China have still posted modest losses.
- According to a statement from the office of French President Macron, Biden and Putin have "accepted the principle" of a summit on the condition that Russia does not invade Ukraine.
- The White House confirmed that Biden has agreed to meet if Russia does not invade. The Kremlin provided no immediate confirmation. Moscow has repeatedly denied any intention of invading.
- Treasury futures remained steady, while bond yields in Australia and New Zealand remained lower, indicating continued concern about the threat of Russian military action. Because of a US holiday, cash treasuries will not trade.
- Gold fell back below $1,900 per ounce, the dollar fell, and oil reversed gains. Investors have shifted from risk assets to safe havens, swayed by news of diplomatic moves to address the Eastern European crisis.
