Opening Bell: Futures, Europe Stocks Recover; Commodities Spike; Oil At $110 Level
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📚 Daily Digest | Wednesday, Mar 2, 2022 | |  | | Commodities Surge, Russian Advances, Powell Testimony - What's Moving Markets | |  | © Reuters. | Commodity prices skyrocket to multiyear highs as the difficulty of replacing Russian energy and grain supplies to global markets becomes apparent. OPEC is expected to steer a steady course, however, having rebuffed U.S. pressure for a bigger increase in oil output. Fed Chair Jerome Powell and a host of European Central Bank officials will talk about the impact of the war in Ukraine on the outlook for inflation and monetary policy. Eurozone inflation surges to 5.8%. ADP reports its monthly figures on U.S. private-sector hiring. Here's what you need to know in financial markets on Wednesday, 2nd March. | | |  | | | | | | | | |
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