A mixed bag of developments around Russia's monthlong war with Ukraine, a sign of fresh pessimism about the prospects for peace, helped push global stocks down on Monday.
The futures on the index were down 100 points. The S&P 500 dipped by 0.1%, and the Nasdaq lost 0.3%, suggesting a lower start to trading later in the day.
The All Country World Index was 0.04% lower on Monday.
The ultimatum for Ukrainian forces to lay down their arms and surrender was rejected by Russia.
Iryna Vereshchuk, the deputy prime minister of Ukraine, said there was no question of surrender.
The US intelligence reports that Russia is prepared to re-engage in nuclear saber-rattling is one factor driving negative sentiment. In the early days of the conflict, Putin warned of consequences for whoever interfered, saying that his country was one of the world's most powerful nuclear states.
The White House said on the weekend that President Joe Biden is going to Poland on Friday to discuss a coordinated effort to support Ukraine and impose "severe and unprecedented costs" on Russia for its invasion.
At 7 a.m., Biden will speak to his counterparts in the UK, Germany, and Italy. Monday. He warned China about the consequences if it offered material support for Russia.
Both sides expressed their desire for a peaceful resolution to the conflict, and for tensions to not escalate any further, after the call.
Turkey's foreign minister said Sunday that Russia and Ukraine are close to an agreement despite the ongoing conflict.
This is the time to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk, to talk,
The yield on the 10-year US Treasury climbed 4 basis points as concerns about the Russia-Ukraine conflict and the Federal Reserve increased.
The chair of the Federal Reserve and the president of the Atlanta Fed are due to speak on Monday.
The first impact of Russia's conflict with Ukraine on activity in Europe will be shown on Thursday when the Purchasing Managers Index for March is released.
The pan-European Euro Stoxx 600 and the Frankfurt's DAX were little changed around the flatline. The UK's consumer price inflation data for February is due on Wednesday.
China reported its first COVID-19 deaths since January. The region's stock market was mixed, with the Chinese market up 0.05%. Hong Kong's Hang Seng fell 0.9% while Tokyo's Nikkei gained 0.7%.
European Union nations are considering joining the US in a Russian oil embargo.
With the possibility that more than a million barrels of Russian oil a day will be snubbed, given that the Netherlands and Germany combined received around a quarter of Russia's crude and light oil exports, demand would shoot up for crude supplies from OPEC+ nations.
The attack on the Saudi energy terminal added to the price pressures.
West Texas Intermediate added 4% to reach $107.35 a barrel.
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