- Following news that the European Union is exploring joint bond sales to assist in offsetting the budgetary repercussions from Russia's invasion of Ukraine, US futures surged with European markets on Tuesday. The euro gained as bonds fell.
- S&P 500 and Nasdaq 100 futures reversed declines to trade higher, signaling a stronger u.s. open after Monday's rout. The Stoxx Europe 600 index rose more than 1% before reversing course, as the prospect of additional central bank stimulus boosted investor mood. Some of the most damaged industries, including as banks, utilities, and vehicle manufacturers, excelled.
- The yield on the 10-year Treasury note increased by seven basis points, while rates on core European bonds also increased. The margin between 10-year Italian and German rates, a major risk indicator in the eurozone, has narrowed.
- A new round of stimulus would be welcome comfort for a market that has been thrown into a loop in recent weeks as Russia's invasion of Ukraine drove crude-oil and gas prices skyrocketing, boosting inflation and growth fears. Despite the fact that specifics are hazy and the strategy has yet to be locked down, investors are on edge due to the ongoing conflict in Ukraine and rising commodities prices.
- China is willing to work with Europe on Ukraine, according to Xi - TV.
- According to sources, the EU commission has drafted a new package of sanctions on Russia and Belarus for their invasion of Ukraine.
- EU to mull a large joint-bond sale to fund energy and defense.
- BoJ's Governor Kuroda: Japan's economy has yet to fully recover from the effects of the pandemic.
