Wall Street indices took a hit late on Friday after reports surfaced saying US sees possibility of Russia invading Ukraine even before Winter Olympics end. S&P 500 dropped 1.90%, Dow Jones moved 1.43% lower and Nasdaq plunged 2.78%

Stocks in Asia launched new week lower. Nikkei dropped 2.2%, Kospi moved 1.6% lower and indices from China traded 1.0-1.5% lower. S&P/ASX 200 gained 0.4%

DAX futures point to a lower opening of the European cash session today

Biden and Putin spoke on phone on Saturday and agreed to remain in touch in the coming days. Some media reports claim that Russian invasion on Ukraine could start as soon as tomorrow

Ukraine authorities want to meet with Russian authorities within next 2 days to seek transparency

Iranian negotiators said that nuclear talks have come more difficult and agreement looks distant

Oil futures jump on Ukraine-Russia concerns. Brent trades above $95 per barrel while WTI broke above $94 per barrel

Precious metals also leaped higher on Friday with gold jumping above $1,860 and reaching the highest level since mid-November 2021

Cryptocurrencies trade slightly lower today after trading sideways over the weekend. Bitcoin trades near $42,000 while Ethereum approaches $2,850

CAD and JPY are the best performing major currencies while NZD and AUD lag the most