Futures trim gains on Ukraine war

  • While negotiations continue, comments in the last few hours have raised concerns about the war in Ukraine.
  • Futures point to a positive opening, far from the highs.
  • The week of the Federal Reserve meeting begins.

Stock markets in Europe, like Wall Street futures, are in positive territory but far from the highs. The positive that there were in terms of expectations for the talks between Russia and Ukraine, were giving way to new concerns about the statements on both sides.

In Europe, the FTSE 100 gains 0.27%, the DAX gains 2.28% and the CAC 40 climbs 1.63%. While before the opening, the Dow Jones gains 0.73% and the S&P 500 rises 0.42%. The Nasdaq is already in negative territory with a drop of 0.10%.

The Petroleum and the raw Materials they are in reverse, continuing the correction that started last week. Crude oil prices drop more than 4%. Gold and silver trade at daily lows.

Among currencies, the Russian item experiences a large rise. The USD/RUB trades below 120.00. The dollar is with mixed results, highlighting the advance against the yen. USD/JPY is at 2017 highs above 118.00. The pair is buoyed by rising Treasury yields, which are at multi-year highs.

The fall in the titles occurs in the previous meeting of the Federal Reserve. On Wednesday, the central bank is expected to raise the interest rate, the first since 2018. Earlier, on Tuesday, US wholesale inflation figures will be released.

Technical levels

Source: Fx Street

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