- As business news diverted attention away from developments in the Ukraine war, US index futures rose along with markets in Europe. Nasdaq 100 contracts gained roughly 0.4%, while S&P 500 contracts gained a lesser amount.
- In premarket trading, Twitter jumped as much as 26% after Tesla Technoking Elon musk bought a 9.2% stake in the firm. Tesla's shares soared after the company reported record first-quarter deliveries.
- Before moving upward, the Stoxx Europe 600 index varied. Consumer discretionary stocks led the rally, with delivery hero jumping as high as 14% after the business said it anticipated to become profitable for the first time next year. The healthcare industry outperformed, with Roche Holdings AG rising after the US Food and Drug Administration gave its covid-19 drug Roactemra a priority evaluation.
- Treasury yields fell on the expectation of a rapid increase in the Federal Reserve's interest rate to combat inflation. The price of WTI crude oil remained stable below $100 a barrel as traders evaluated the potential of a Covid outbreak in China against attempts to access strategic reserves to boost supply and lower rising energy prices.
- On further sanctions against Russia, a spokesperson for the German government says that more measures will be agreed upon in the coming days.
- German Economy Minister Habeck: Germany is working on reducing reliance on Russian energy.
- France’s Pres. Macron: New sanctions are needed in response to what has happened in Ukraine's Bucha, we will need to co-ordinate with European allies.
- Iran's Foreign Ministry Spokesman Khatibzadeh: Tehran is ready to continue talks with Saudi Arabia; Calls on Riyadh to show willingness to resolve outstanding issues.
