This post was originally published on this site
U.S. stock futures rose Tuesday, buoyed by optimism over negotiations between Russia and Ukraine.
What’s happening
-
Futures on the Dow Jones Industrial Average
YM00,
+0.45%
rose 137 points, or 0.4% to 34990 -
Futures on the S&P 500
ES00,
+0.50%
gained 0.4%, or 19 points, to 4587 -
Futures on the Nasdaq 100
NQ00,
+0.54%
rose 0.4%, or 58 points, to 15043
On Monday, the Dow Jones Industrial Average
DJIA,
rose 95 points, or 0.27%, to 34956, the S&P 500
SPX,
increased 32 points, or 0.71%, to 4576, and the Nasdaq Composite
COMP,
gained 186 points, or 1.31%, to 14355. The S&P 500 has gained ground for eight of the last 10 trading days.
What’s driving markets
The first face-to-face talks between Russia and Ukraine in two weeks kicked off on Tuesday in Turkey. Participating on behalf of Russia was Roman Abramovich, the oligarch who suspected being poisoned after a previous round of negotiations, according to The Wall Street Journal.
“A sense of positivity returned to financial markets as the prospects of more ceasefire talks between Russia and Ukraine soothed investor jitters,” said Lukman Otunuga, senior research analyst at FXTM.
The U.S. threatened further sanctions against Russia, in a speech from Deputy Treasury Secretary Wally Adeyemo delivered in London.
The other major development for the world economy is in China, as a two-phased lockdown of the financial capital Shanghai entered the second day.
The U.S. economics calendar includes releases on consumer confidence and job openings.
