- US equity futures and European stock markets were mixed on Monday as crude oil continued to rise and investors followed diplomatic efforts to resolve Russia's almost month-long conflict in Ukraine.
- After the underlying indexes achieved their best weeks since November 2020, the S&P 500 and Nasdaq 100 futures dropped, suggesting a lull. Gains in mining and energy businesses were offset by losses in travel and leisure sectors, resulting in a flat Stoxx Europe 600 index.
- Investors weighed the conflict and the Middle East tensions as west Texas intermediate oil soared toward $110 a barrel. The embargo on alumina shipments to Russia by Australia triggered a surge in aluminium prices. The value of a dollar gauge increased.
- The durability of last week's stock comeback and decline in volatility is a major topic. European shares have virtually recovered all of the losses caused by Russia's invasion of Ukraine over a month ago, as optimism about peace talks and the allure of lower valuations entices investors to return. However, an unprecedented jump in commodity prices due to supply worries shows little signs of abating, putting traders on edge about inflation and casting doubt on the Federal Reserve's ability to contain price pressures while keeping the economy on pace.
- China's President Xi has declared an immediate state of emergency. - CCTV.
- Kremlin: There is still no basis for a possible Putin-Zelenskiy meeting; significant progress must be made first.
- Kremlin: The US would lose nothing in the event of an oil embargo, Europe would be hit hard.
- EU's Foreign Min. Borrell: Russia is guilty of extreme war crimes; We are prepared to discuss energy sanctions.
- New Zealand PM Ardern: The virus decisions will not take immediate effect on Wednesday.
