- Investors were encouraged by the news that Russia and Ukraine are making headway in their negotiations.
- After IFAX quoted Russian President Vladimir Putin as stating discussions with Ukraine had been constructive, contracts on the S&P 500 and Nasdaq 100 indexes both gained 1.5%. Gold's losses widened. Travel and logistics industries bolstered Europe's Stoxx 600 gauge. The dollar depreciated, wiping out profits.
- As the situation in Ukraine worsens, global markets are becoming increasingly volatile, raising inflation and threatening to stifle global economy. Investors are trying to find a balance between panic selling and dip-buying beaten-down assets as they prepare for the Federal Reserve's expected rate hike next week. If the European Central Bank's choices on Thursday are any indication, policymakers may place a higher priority on fighting inflation than supporting economic recovery.
- Russian President Putin claims that the discussions with Ukraine have taken a positive turn.
- France is reportedly considering resurrecting a plan to nationalize EDF.
- ECB's Centeno: Quarterly growth in the euro area will be very low, if not zero, or perhaps negative.
- According to the Bank of England, median inflation forecasts for the future year were 4.3%, up from 3.2% in November 2021.
- Lockdown was announced in China's Yucheng city, Shandong.
- Russia's invasion has caused damages to Ukraine valued at $119 billion - Ukrainian deputy minister of economy
