Stock futures increase ahead of very first trading day of March, Russia-Ukraine dispute in focus

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Stock futures rise ahead of first trading day of March, Russia-Ukraine conflict in focus

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U.S. stock futures increased in over night trading on Monday prior to the very first trading day of March as financiers continue to keep track of the battling in between Russia and Ukraine.

Dow futures increased about 70 points. S&P 500 futures included 0.2% and Nasdaq 100 futures increased 0.2%.

In an unpredictable session on Monday, the Dow Jones Industrial Average lost almost 170 points. The S&P 500 dropped 0.24% and the Nasdaq Composite increased 0.4%.

The moves come amidst combating in between Russia and Ukraine, where Ukrainian forces have actually held essential cities consisting of the capital of Kyiv.

Ukrainian and Russian authorities concluded an important round of talks Monday.

Meanwhile, the reserve bank of Russia more than doubled its essential rate of interest on Monday, as the ruble plunged after heavy sanctions were troubled Moscow by the West.

JPMorgan’s Marko Kolanovic stated Monday the worst of the Russia-Ukraine sell-off may be over.

“The Russia/Ukraine crisis will continue to produce market volatility, but the direct impact on corporate earnings should be small. Indirect risks are more substantial, given effects of higher commodity prices on inflation, growth, and consumers,” Kolanovic stated in a Monday afternoon note. “However, one silver lining is that the crisis forced a dovish reassessment of the Fed by the market.”

Investors are likewise getting ready to speak with Federal Reserve Chair Jerome Powell in his semiannual hearing at House Committee on Financial Services, which starts on Wednesday.

Monday likewise marked the last trading day ofFebruary The Dow lost 3.5% inFebruary The S&P 500 and Nasdaq fell 3.1% and 3.4%, respectively, this month.

Looking to Tuesday, huge box seller Target reports profits prior to the bell and cloud giant Salesforce reports after the close.

On the financial front, February’s Markit Manufacturing PMI will be launched at 9: 45 a.m. onTuesday ISM production PMI for February will be out at 10: 00 a.m.