- Dip buyers bet that the global economic effect of rising sanctions on Russia is already reflected in market prices, as US equity-index futures climbed. As investors' attention shifted to anticipated central bank rate decisions, a bond selloff deepened.
- After u.s. stocks fell to a nine-month low on Tuesday, options expiring later this month on the s&p 500 and Nasdaq 100 indexes gained at least 1.6% apiece. The Stoxx 600 index in Europe gained for the second day in a row, thanks to banks and autos. President Biden's restriction on fossil-fuel imports from Russia stemmed a spike in oil prices. As haven demand decreased, treasuries and the dollar fell for the first time in five days.
- Even as supply problems threaten to usher in a time of slower global growth, investors are bracing for a worldwide inflation shock from a commodity-price surge spurred by Russia's isolation. The European Central Bank will announce its rate decision on Thursday, followed by the Federal Reserve and the Bank of England next week, providing them with hints as to how central banks plan to approach the situation.
- Biden administration is placing high urgency on digital dollar research.
- The US government's first crypto strategy is outlined by the White House.
- Kremlin Press Sec. Peskov: After the sanctions, Russia may reconsider its energy commitments.
- Due to sanctions, Russia is diminishing its usage of the US currency in reserves and international settlements. - Ministry of Foreign Affairs
- EC Pres. von der Leyen: We have purchased enough LNG to be independent of Russian gas till the end of the winter.