S&P 500 Futures rise half a percent as Ukraine, Venezuela tame market tensions By anilpanchal7 SP500 Equities YieldCurve Ukraine RiskAppetite
in Asia. It should be noted that prices of gold retreat from the highest levels since August 2020 as traders trim the metal’s safe-haven demand.
Even so, Russia may not cheer Kyiv’s intention to dump NATO membership on fears of joining the European Union . The same demolishes President Vladimir Putin’s unsaid target of putting Kremlin-controlled leader in Ukraine and can keep the fears of further geopolitical tension on the table. Recently, Russia called for nationalizing foreign-owned factories that shut operations, which in turn raised doubt on the market’s optimism.
Overall, the market players have finally got a reason to consolidate the latest moves and hence the risk-on may last longer until any major negatives erupt from Moscow. Also important to watch will be Thursday’s US inflation data amid the Fed’s indecision over 0.50% rate hike in March.Information on these pages contains forward-looking statements that involve risks and uncertainties.