- Stocks and crude oil rose steadily, bucking the trend of high market volatility triggered by the conflict in Ukraine and the sanctions imposed on Russia for invading its neighbour.
- In Japan and China, stocks rose as data revealed improved factory activity. The yuan's reference rate was set at a lower level than predicted. Hong Kong stocks have fallen as a result of rumours that the city is considering a lockdown for COVID-19 testing. After the S&P 500 fell on Monday, futures in the US varied.
- Risk aversion and month-end rebalancing helped treasuries recoup some of their gains from the Wall Street session. The value of the dollar remained relatively unchanged. Oil rose a smidgeon, with traders focusing on the possibility of emergency reserves being released to alleviate fears of a halt in Russian deliveries.
- Russia's markets are still under pressure after the US and its allies shut off the Russian central bank's access to foreign reserves and cut some lenders off from the global financial system's rapid messaging system.
- Canada's PM Trudeau: Canada will ban Russian crude oil imports
- Russian Foreign Ministry: EU's actions will not be left without a harsh response - Interfax.
- Kremlin: The latest countermeasures will not be our only response. - TASS.
- Ukraine’s President Zelensky: I have signed a request to join the European Union.
- Fed's Bostic: If data remains elevated, I'll have to look at a 50 basis-point rate hike in March.
- Putin issues Russian economic sanction retaliation. - Interfax.