- In light of growing worries that Europe could lose access to Russian gas and enter a recession with global implications, US equity futures moved along with markets on Wednesday.
- The Stoxx 600 index, along with the NASDAQ 100 and S&P 500, erased early gains to trade slightly lower. Netflix gained 7.5% in the premarket after announcing late on Tuesday that its earnings were better than expected and that it anticipates returning to membership growth before the end of the year. Wednesday saw stock prices fluctuate due to growing worries that Europe could lose access to Russian gas, causing the region to enter a recession that might have global effects.
- Treasury prices increased alongside the currency, driving the 10-year yield below 3%. On the prospect of a larger-than-expected interest rate hike by the European Central Bank on Thursday, the euro maintained its position close to a two-week high against the dollar.
- Russian Foreign Minister Lavrov: Geographical objectives of the special operation in Ukraine have changed from just Dpr and Lnr to a number of other territories - Ria.
- EU Energy Chief Simson: A gas supply halt could cut the EU GDP by up to 1.5%.
- EC Pres. von der Leyen: It is a likely scenario that there could be a full cut-off of Russian gas, and this would affect the whole of the EU.
- Italy's PM Draghi: We plan to reduce dependence on Russian gas to zero within 18 months.
- Iran: EU is making preparations for the next round of nuclear talks.
