- Stocks gained on Tuesday, with risk appetite being fueled by cease-fire talks between Russia and Ukraine.
- After benchmarks gained for a third session on Monday, US equity futures jumped. The Stoxx 600 index in Europe also rose, with car and consumer firms leading the way. Investors assessed the implications of China's mobility restrictions against a covid revival as oil prices fluctuated.
- Government bond rates increased, as bets for rapid monetary tightening in the United States harmed shorter-term treasuries. Inversions in the yield curve, in which certain short-term rates outperform longer-term yields, signaled fears about an impending economic collapse as the Federal Reserve raises interest rates to combat excessive inflation.
- The yen rebounded from a six-year low versus the dollar as the Fed and a dovish Japanese central bank diverged. The latter kept intervening in the bond market to keep rates from becoming too high.
- Kremlin: We will know today or tomorrow if the peace talks are promising.
- Russian Defence Min. Shoigu: The main tasks of the first phase have been completed.
- Medinsky, Russia's top negotiator: A statement will be issued after the Russia-Ukraine talks in a few hours - TASS.
- EU Economic Commissioner Gentiloni: The EU fiscal rules review could take several months.
- Turkey’s President Erdogan: We expect significant progress in Russia-Ukraine talks.
