• Doubts about Russia's intentions and the success of Tuesday's peace talks have downgraded shares, while oil gains.
  • Investors were looking at private sector employment data in March, which should be taken later in the day.


The futures of US stocks and European stocks plummeted on Wednesday, as investor uncertainty grew with significant progress in peace talks between Russia and Ukraine, which also raised oil prices.


Russia said on Tuesday it would agree to reduce hostilities near the Ukrainian capital Kyiv and take steps to end the conflict. Shares grew in the news, while oil prices plummeted to just over $ 100 a barrel. But this was quickly met with skepticism from Western and Ukrainian countries, which on Wednesday reduced appetite for food and was rated by budget-like markets.


Futures at the S&P 500 fell 0.43%, Dow Jones futures fell 0.36%, and Nasdaq futures fell 0.57%, indicating a weak start to trading over time.


European stocks, which were more sensitive to regional developments, also declined. The pan-European Stoxx Europe 600 is down 0.88%, the UK FTSE 100 is down 0.11%, the German DAX is down 1.47%, and the French CAC 40 is down 1.16%.


"While peace talks may sound good at first, there are doubts about Russia's real intentions," said Matt Simpson, a senior market analyst at the City Index. "They have not been true to their word through humanitarian efforts, and it is possible that their promise to reduce their 'military operations' in Kyiv is simply a ploy to disperse their troops elsewhere."


The acquired oil, driven by the ongoing concern that the long-running war in Ukraine could cause Western countries to impose severe sanctions on Russia's power sales. The EU, which relies heavily on Russia for both natural gas and crude oil, is still considering whether to implement some of the restrictions. Russia produces about 10% of the world's daily crude oil and exports about three quarters of that amount.


Oil prices are still expected to fall sharply weekly since late November, but on Wednesday, Brent crude rose about 2.00% to $ 109.78 a barrel, while WTI also gained 2% trading at about $ 106.22.


Rising oil prices of almost 20% since Russia's invasion of Ukraine in late February have raised concerns among major investors and central banks about inflation in the global economy when inflation has already risen sharply for decades.


Investors expect higher interest rates from the world's largest banks, including

Federal Reserve. The Bank of England and the European Central Bank. As a result, bond yields have skyrocketed as investors abandon fixed, inefficient imported goods in the area of ​​rising rates.


The US 10-year Treasury trades the highest value in three years, as it rose by about 60 points last month alone. On Wednesday, the 10-year yield increased by 1 point to 2.407%.


Investors are also looking forward to the release of jobs in the private sector from the paying company ADP later on Wednesday. Economists expect to see an increase of 450,000 in March, which could suggest that Friday's report on non-farm wages could also show healthy growth, even though the two are not always trapped.


"The March ADP recruitment report, also from abroad, will be very interesting, despite strong links with Friday's labor market data, and will show an estimated 450k jobs for additional private companies," said Caxton FX strategist Michael Brown. it said.


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