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Ukraine crisis: Stocks rise with bond yields amid 'soft' sanctions

Treasuries extended declines after the yield curve flattened in the Wall Street session

Wall Street, US stocks, S&P, Dow Jones

European equities rose with US futures on Wednesday as investors assessed limited initial Western sanctions against Russia amid the Ukraine stand-off. 

The Stoxx 600 Europe Index and S&P 500 futures both added around 0.8 per cent, while contracts on the Nasdaq 100 gained more than 1 per cent. The mood was brighter than Tuesday, when the S&P 500 fell into a technical correction after sliding 10 per cent from a January peak. 

US President Joe Biden said Russia had started to invade Ukraine and announced steps targeting Russia’s sale of sovereign debt abroad, its elites, and a pair of banks. The sanctions

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First Published: Feb 24 2022 | 1:08 AM IST

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