Euro STOXX 50 futures are down 19.5 points, score 3,724.5, FTSE futures are down 32 points, score 7,160.5, and German DAX futures are down 59 points, score 13,878.0, by 0430 GMT.
Asian stocks fell after the increase in COVID-19 cases in China affected the confidence of investors, already worried about the war in Ukraine and the forecast of the first interest rate hike in the United States in three years, which could produce this week.
Oil prices fell to a two-week low on high-fire talks between Russia and Ukraine and concerns about demand in China following rising COVID-19 cases.
This Tuesday, Germany is going to publish the wholesale price index for February and the ZEW index of investor sentiment for March. France will publish its CPI data for February and in the euro zone the ZEW will also be released along with industrial production. Outside the euro, the UK is to publish unemployment data.
In the US, the data to watch will be the February PPI and the Empire State Manufacturing Index. In addition, the focus of attention will be on the start of the two-day meeting of the Federal Reserve. Announcements on rate hikes are expected.
Bestinver begins the accelerated placement of 5% of Rovi (Reuters)
Grifols sues the blocking of plasma donations from Mexicans (Expansion)
The Government studies a legal reform to professionalize banking foundations (El Confidencial)
BBVA figures at 58 million the risk for its exposure to Russia (Expansión)
FCC with Macquarie and a great concept in the US (Expansion)
Ibercaja is given until April 15 to decide whether to go public (Expansión)
Citigroup joined its Wall Street peers on Monday in accelerating its withdrawal from Russia, saying it is no longer accepting new clients and will further reduce its exposure, which it does before it could suffer sizeable losses (Reuters)
Allianz and Swiss Re said on Monday they will cut their business in Russia (Reuters)
Norwegian state oil company Equinor said on Monday it would stop trading Russian oil (Reuters)
*ECONOMY AND POLITICS*
The United States called on China to provide military or financial aid to Moscow following its invasion of Ukraine, as sanctions on Russian political leaders and businessmen tighten as civilians seek to flee heavy fighting on the ground (Reuters)
China registers a future of daily COVID-19 infections, considering the level of the highest in the last two years (Reuters)
Treasury wants to lower the special tax on fuels (Five Days)
Spain will temporarily relax import rules for corn from Argentina and Brazil, the agriculture minister said, to fill supply gaps left by the Russian invasion of Ukraine (Reuters)
– Council of Ministers (0930h)
– Plenary session of the Congress (1500h)
– The Minister of Economy, Nadia Calviño, participates in the Ecofin meeting in Luxembourg, followed by a press conference (0930h)
– Tarjar Xairo Socimi distributes 2022 dividend of 4.07 euros gross per share
– The Chairman of Mercadona, Juan Roig, communicates the company’s financial data for the 2021 financial year and the 2022 forecasts at a telematic press conference (11:00 a.m.)
– The meeting of the Fed Open Market Committee begins