We can observe some revival at the end of the European session which may be related to further hopes for ceasefire talks. Russian Foreign Minister Lavrov indicated that Moscow was waiting for a Ukrainian delegation for the second round of talks. Lavrov pointed out that Russia is open to discussing security guarantees for Ukraine. At the same time, he points out that Russia's goal is to demilitarize Ukraine, and Russia wants a list of weapons to be drawn up that will never be allowed on its territory.
Of course, such assurances are unreliable and it is difficult to expect Ukraine to accept them, especially when Russian rockets continue to rain down on Ukrainian cities. Nevertheless, it can be seen that the Russian side is not satisfied with the progress of military operations, which could potentially force the Russians to make some concessions. Of course, it still seems unlikely.
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Open account Try demo Download mobile app Download mobile appInterfax also informs that a ceasefire is to be discussed during the next talks. It is worth remembering that Interfax is an independent news agency.
In addition, the White House indicated that at the moment it does not plan to impose sanctions on Russian assets related to oil and gas (traders, however, are moving away from Russian oil and gas). At the same time, however, the White House announces further sanctions targeting the armaments sector of Russia and Belarus.
Meanwhile FED Powell reassured investors that the central bank remains committed to tame inflation while pointing to a smaller-than-expected 25 basis point rate hike in March. Still, Powell noted that the Fed could move more aggressively if inflation does not abate as expected while pointing out that the outbreak of war in Ukraine brought a significant degree of uncertainty for monetary policy.
US indices are rising more than 1.5%, oil has slightly reduced gains and Brent is trading at $ 110. Gold, in turn, lost 1.3%.
US100 bounced off the major support at 14000 pts and is heading towards local resistance at 14350 pts which coincides with 23.6% Fibonacci retracement of the upward wave launched in March 2020. Source: xStation5
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