- Stocks gained in Asia, with Chinese technology firms rebounding from a devastating selloff, however investors are bracing for turbulence in the wake of Russia's war in Ukraine and the Federal Reserve's impending decision.
- An Asia-pacific stock index recovered from a three-day slump, while an Hong Kong index of Chinese technology companies increased by roughly 5%. Following a wall street rally on Tuesday, the S&P 500, Nasdaq 100, and European futures were all unchanged.
- China's stock market has been hammered by regulatory concerns and suspicion that Beijing's links with Russia enhance the likelihood of a US retaliation. There are still doubts about whether rallies will be anything more than a passing fad.
- West Texas Intermediate crude recovered some of its recent losses, although it still trades below $100 per barrel. Signs that nuclear discussions with Iran may resume indicate to additional supply, but Covid lockdowns in China may limit demand.
- Prior to the Fed's announcement on Wednesday, treasuries were little altered. After receiving a boost from a news that Saudi Arabia will consider yuan payments for oil sold to China, the offshore yuan has fallen. The value of the dollar remained stable.
