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5 issues to know earlier than the inventory market opens Friday, March 11


Listed below are a very powerful information, traits and evaluation that buyers want to begin their buying and selling day:

1. Futures bounce on hopes of progress in Russia-Ukraine talks

Merchants on the NYSE, March 8, 2022.

Supply: NYSE

Dow futures rose roughly 300 factors, or almost 1%, on Friday. S&P and Nasdaq futures jumped roughly 1% and 1.2%, respectively, on hopes of progress in Russia-Ukraine ceasefire talks. Shortly earlier than 6:30 a.m. ET, Reuters despatched a short bulletin quoting Russian President Vladimir Putin saying there are “sure constructive developments” within the talks. Nonetheless, these futures’ features pale some from earlier. The 10-year Treasury yield was holding around 2%. U.S. oil costs were steady to round $106 per barrel.

2. Russia widens army Ukraine offensive, troops method Kyiv

Firefighters spray water on a destroyed shoe manufacturing unit following an airstrike in Dnipro on March 11, 2022.

Emre Caylak | AFP | Getty Photographs

As buyers attempt to gauge the veracity of Putin’s reported feedback, Russia widened its military offensive in Ukraine on Friday, placing close to airports within the west of the nation for the primary time. New satellite tv for pc photos seem to indicate that a big Russian convoy approaching Kyiv has been redeployed to cities and forests outdoors the town, doubtlessly signaling a renewed push to bear down on the Ukrainian capital. There’s additionally mounting outrage after a lethal airstrike hit a maternity hospital in the important thing Ukrainian port metropolis of Mariupol.

3. U.S., allies could revoke Russia’s most favored buying and selling standing

U.S. President Joe Biden holds a digital assembly with enterprise leaders and state governors to debate provide chain issues, notably addressing semiconductor chips, on the White Home campus in Washington, March 9, 2022.

Jonathan Ernst | Reuters

With the invasion now in its third week, the U.S. and its allies ready to step up their efforts to isolate and sanction Russia. In line with media experiences, President Joe Biden on Friday, together with the European Union and the G-7, will move to revoke Russia’s most favored buying and selling standing. Stripping Russia of its favored nation standing paves the way in which for america and its allies to impose tariffs on a variety of Russian items. Biden on Tuesday imposed a ban on Russian vitality imports.

4. Friday marks 2 years since Covid was declared a pandemic

Lab technicians take a look at wastewater samples from round america for the coronavirus illness (COVID-19) on the Biobot Analytics, in Cambridge, Massachusetts, February 22, 2022.

Allison Dinner | Reuters

Friday marks two years since Covid was declared a pandemic on March 11, 2020. Because the novel coronavirus was present in China in 2019, there have been greater than 450 million world infections and over 6 million deaths, with greater than 15% of every within the U.S., in keeping with Johns Hopkins University data. Although the raging wave of omicron circumstances has subsided and greater than 250 million individuals within the U.S. have obtained no less than one dose of Covid vaccine, according to the CDC, well being officers are warning Individuals to not get complacent.

5. Ford, PG&E accomplice on electrical F-150 powering properties, grid

The all-electric Ford F-150 Lightning truck throughout an augmented actuality presentation on the Motor Bella Auto Present in Pontiac, Michigan, on Tuesday, Sept. 21, 2021.

Emily Elconin | Bloomberg | Getty Photographs

Ford will collaborate with Pacific Gas and Electric Co. in California to judge the bidirectional charging capabilities of the electrical F-150 Lightning to energy properties and return vitality to the ability grid. Ford CEO Jim Farley and PG&E CEO Patti Poppe introduced the plans Thursday evening on the CERAWeek vitality convention in Texas.

  • The announcement comes two days after Poppe introduced a pilot program with General Motors to make its electrical automobiles able to powering a house within the occasion of an influence outage or grid failure.

— CNBC reporters Maggie Fitzgerald, Samantha Subin, Hannah Miao, Vicky McKeever, Holly Ellyatt and Michael Wayland contributed to this report. So did The Related Press and Reuters.

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