Reply To: Traders Market Weekly: Instant Karma’s Gonna Get You

#34181
Truman
Participant

US equity futures are lower this morning. Fed Chairman Jerome Powell will testify to the Senate today after his House testimony yesterday where he signaled a 25 basis point rate hike in March. Mr. Powell’s opening remarks will be the same as yesterday.

Asia markets were mixed. Russia’s invasion of Ukraine has now been going on for over a week. Russia and Ukraine are holding another round of talks today where a ceasefire will be discussed, but Ukrainian officials cited by CNN do not believe anything substantial will come out of this meeting. Russia continues to attack infrastructure in several cities. Russian forces captured Kherson, as Ukraine is slowing down the invasion in other parts of the country.

In Europe, markets were lower. February Eurozone Markit Services PMI was 55.5 versus 51.1 prior