Futures spike after Putin says ‘positive shifts’ in talks with Ukraine: live updates

Check here for the latest news on how the conflict is affecting markets, businesses and the economy

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Russia’s invasion of Ukraine has sparked unprecedented economic and financial retaliation from western nations which are piling on sanctions in what France has called “all-out economic and financial war.”

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But the conflict will have consequences for the whole world as it cuts off crucial energy and crop supplies, disrupts businesses and upsets financial markets, already under stress as central banks tighten policy.

There is a lot going on out there so check here for the latest news on how the conflict is affecting markets, businesses and the economy.

7 a.m.

U.S. stock index futures moved sharply higher this morning after Russian President Vladimir Putin said there were certain “positive shifts” in talks with Ukraine.

At 6:32 a.m. ET, Dow e-minis were up 424 points, or 1.28 per cent, S&P 500 e-minis were up 60.75 points, or 1.43 per cent, and Nasdaq 100 e-minis were up 223 points, or 1.64 per cent.

— Reuters

Additional reporting by Reuters and Bloomberg