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Ukraine and Russia Conclude Talks With Agreement on Prisoner Exchange

Members of the US, Russian and Ukrainian delegations, including United States Special Envoy Steve Witkoff, Jared Kushner, Secretary of Ukraine's National Security and Defence Council Rustem Umerov and head of Russian military intelligence (GRU) and head of Russian’s team in security talk Admiral Igor Kostyukov, attend the second round of trilateral talks in Abu Dhabi, United Arab Emirates. Ukraine and Russia ended their second day of peace negotiations with a notable breakthrough: an agreement to carry out a new prisoner swap. Delegations from both countries described the discussions as constructive, marking one of the few tangible steps forward in a conflict where diplomatic progress has been rare. The agreement centers on exchanging captured soldiers, a humanitarian measure both sides have intermittently supported despite ongoing hostilities. Officials involved in the talks suggested that the deal could help build momentum for future negotiations, though major political and ter...
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Powell’s Words Rattle Investors

 

US stock futures took a tumble today after Federal Reserve Chair Jerome Powell poured cold water on hopes for an early interest rate cut. As we head into a busy week of corporate earnings, investors are closely watching the impact of Powell’s statements on the recent market rally. S&P 500 ( ^GSPC) futures slipped 0.2%, signaling a pullback from the benchmark’s record-setting run, Dow Jones Industrial Average ( ^DJI) futures shed roughly 0.2%. and  Nasdaq 100 ( ^NDX) futures dropped 0.1%.

Powell, in a recent “60 Minutes” interview, reiterated the central bank’s cautious approach to rate cuts. He emphasized that the “danger of moving too soon is the job’s not quite done” in quelling inflation. Traders responded by scaling back their bets on rate cuts, not only for March but also for May, according to the CME FedWatch Tool.

US bonds sank, with the 10-year Treasury yield ( ^TNX) rising about six basis points to 4.08%. This move reflects the market’s recalibration of expectations following Powell’s remarks.

Investors are now turning their attention to quarterly results. Last week’s triumphant reports from Meta (META) and Amazon (AMZN) fueled the recent rally. Today, McDonald’s (MCD) disappointed with sales falling short of Wall Street estimates. The coming days will be crucial as a wave of corporate earnings reports determines whether the rally can sustain its momentum.


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