Stock Futures rise as Fed may set to hike rates for the first time in four years

Stock Futures

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Stock futures climbed in overnight trading on Sunday, indicating that the Russia-Ukraine conflict is intensifying and that the Federal Reserve may raise interest rates for the first time since 2018.

The Dow Jones Industrial Average futures rose 150 points. Futures on the S&P 500 increased by 0.5 percent, while Nasdaq 100 futures increased by 0.6 percent.

Fighting has risen in the vicinity of Kyiv, Ukraine’s capital, as Russian soldiers pound cities across the country, murdering civilians who are unable to flee. In the days before a planned sovereign bond payment, the financial consequences of tough Russian sanctions will become clearer.

At the end of its two-day meeting on Wednesday, the Fed is intended to increase its benchmark fed amount of money in circulation by a quarter percent from zero.

Last week, the Dow lost 2%, marking its fifth consecutive week of losses. Last week, the S&P 500 and the Nasdaq Composite fell 2.9 percent and 3.5 percent, respectively.

As a result of geopolitical uncertainties and inflation fears, all major averages have entered the correction zone. The blue-chip Dow is down about 11% from its all-time high, while the S&P 500 is down nearly 13% from its all-time high.

After the close on Sunday, Israel’s stocks were lower.

On Saturday, Russia’s central bank announced that stock market trading on the Moscow Exchange will be suspended from March 14 to 18. The bank stated that the operating mode for the next week would be announced at a later date.

The Vision Fund of SoftBank Group Corp sold $1 billion worth of shares in Coupang, a Korean e-commerce company.

On Monday, most stock markets rose, and oil fell as prospects for progress in Russian-Ukraine peace negotiations grew.

Toyota’s Changchun City facility in China has been shut down owing to a lockdown. Shenzen and sections of Shanghai have been placed under lockdown again due to an increase in coronavirus cases.

On Monday, investors increased their scrutiny of corporate climate lobbying.
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