The market is concerned about the Russian-Ukrainian war, the Fed is expected to remain cautious in 2022 Provider FX678

Stock futures rose in overnight trade on Sunday ahead of a big week ahead as the Russian-Ukrainian war continued to escalate and the Federal Reserve could raise interest rates for the first time since 2018.

up 150 points. Up 0.5%, up 0.6%.

Fighting has intensified around Ukraine’s capital, Kyiv, as Russian troops bomb cities across Ukraine. The financial consequences of tough sanctions on Russia will come into sharper focus in the coming days, when sovereign bond repayments are scheduled as planned.

at the same time,The Fed is expected to raise the federal funds rate by 0.25 percentage point from zero at the end of its two-day meeting on Wednesday. Investors are also awaiting fresh forecasts from the Federal Reserve for interest rates, inflation and the economy, given uncertainty from escalating geopolitical tensions.

Lindsey Bell, chief market and currency strategist at Ally, said:Given the conflict in Ukraine, the Fed is now expected to be cautious on interest rate policy in 2022.The conflict complicates the Fed’s already tough job. The Fed will likely remain data-dependent when making interest rate decisions throughout the year.

The Dow fell 2% last week, its fifth straight weekly loss. The S&P 500 and Nasdaq Composite fell 2.9% and 3.5%, respectively, last week, both posting their biggest weekly losses since Jan. 21.

Major stock indexes entered correction territory as geopolitical risks and inflation concerns sent asset prices lower.The Dow is down nearly 11% from its all-time high, while the S&P 500 is down nearly 13% from its all-time high. The tech-heavy Nasdaq bore the brunt of the sell-off, down more than 20% from its record high in November.

Adam Crisafulli, founder of Vital Knowledge, said,Near-term risk/reward is positive if it’s just because it’s flooded with all kinds of negative news and can’t sustain a sharp dip below 4,200.