Artemis Investment Limited – U.S. Futures Rise on Proposed Biden-Putin Summit

HONG KONG - Feb. 20, 2022 - PRLog -- Biden and Putin have "accepted the principle" of a summit on the condition that Russia doesn't invade Ukraine, according to a statement from the office of French president Emmanuel Macron.

The White House confirmed that Biden has accepted the meeting in principle if Russia doesn't invade. There was no immediate confirmation from the Kremlin. Moscow has repeatedly denied it plans to invade.

Nasdaq 100 contracts erased an earlier drop of over 1% and S&P 500 futures also turned green. MSCI Inc.'s Asia-Pacific gauge came off its lows, though key markets including Japan, Hong Kong and China still posted modest losses.

Treasury futures were steady, while yields on bonds in Australia and New Zealand remained lower, in a sign of ongoing caution about the threat of Russian military action. Cash Treasuries won't trade because of a U.S. holiday.

Earlier, the U.S. has told allies that a Russian invasion of Ukraine could target multiple cities beyond the capital, Kyiv. Biden said on Friday he's convinced Putin has decided to move against Ukraine. U.S. Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov are due to meet Thursday.

The Ukraine standoff, along with the worry that tightening Federal Reserve monetary policy could choke growth in the world's biggest economy, raise the likelihood of more swings in markets in an already volatile year.

Two top Federal Reserve officials at the end of last week backed raising interest rates in March to curb the hottest inflation in 40 years.

About Artemis Investment Limited:

Originally established to assist expatriates access financial services in SE Asia, Artemis Investment Limited is a leading independent, boutique financial advisory firm which now caters to a global client base.

Based in Hong Kong for the last 60 years, we have adapted our services to account for the financial world in the 21st Century. We are a borderless company whose staff come from a variety of backgrounds but are united by one attribute, customer focus and objectives above all else.

We understand that many clients know where they want to be, but may not have the knowledge on how to get there. This is where our specialist expertise within the financial services sector is essential in providing the correct timing, opportunity and ultimately, the correct result to establish a lengthy and equitable relationship. This is something that our 20,000 + clients have learnt first-hand.

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