Futures Slide On Inflation Fears As Ukraine Ceasefire Hopes Crumble

"After yesterday's furious short covering/technical driven surge in risk assets, futures and global markets are sliding this morning after Ukraine and Russia failed to make progress in halting the war and bridging the vast differences between them at the first high-level talks between their foreign ministers since the Russian invasion began. The ECB is set to decide how it can shield the continent’s economy from the consequences of the war in Ukraine while navigating an unprecedented inflation shock that shows no signs of abating" ZeroHedge