US stock futures rise following Hong Kong stocks surge

The Russia and Ukraine war is creating a buzz everywhere and affecting everything, stocks included. Although the peace talk is going on between these countries, investors are keeping an eye on the war crime reports in Kyiv and Moscow, which could complicate the situation. This can add pressure on the Biden administration and make the European allies tighten sanctions on Russia.

Oil prices rose, and now the bigger question is whether the European nations will shift away from the ties with Russia and whether Russia will stop delivering gas to European nations over demand for payment in rubles. At the same time, the surge in covid infections and an imposed lockdown in some Chinese cities made the Western nations release oil from their reserves. Brent crude progressed, the international benchmark, added 2.5% on Monday to $106.97 a barrel.

Altaf Kassam, the head of investment strategy for Europe, the Middle East, and Africa at State Street Global Advisors, said that he is surprised by how strong the stock market is and the Russia-Ukraine conflict’s consequences will lead to higher inflation over time.


Investors, not just the war, also eye the Central bank’s recent interest rate increase. The bond market's two-year Treasury note remained above the 10-year note. In such a situation, this can invert the yield curve, and this is what can be said as a predictor of recession.

The S&P 500 company's stocks saw no changes in the US and remained flat.

Jones' industrial average remained flat as well.

A 0.1% gain was reported in the Nasdaq-100 offices on Monday.

Tesla owner, Elon Musk, asked his Twitter followers whether he believes that freedom of speech is available on this platform. This helped the social media platform see more than 20% growth. Musk owns about 9.2% of its shares.

The shares of Starbucks in the premarket trading revealed that the company saw a dip of 3.7%. The interim CEO of Howard Schultz said that they are suspending billion dollars in share repurchases. This will help them invest more money in the cafés and their staff.

Hypebeast, a lifestyle company, has agreed to a merger with a blank-check company Iron Spark 1, to come back to the States. Reportedly, Iron Spark 1 had seen a rise of 1.5% in the premarket.

In Russia, however, the benchmark MOEX gained 0.2% on the 4th of March. Foreign countries' investors are still barred from selling their shares in the country.

Most Asian countries saw an edge up in their businesses. South Korea's Kospi rose by about 0.7%. On Monday, Japan's Nikkei 225 surged ahead by about 0.3%.

Why did Hong Kong stocks rise?

On Monday, the Hong Kong stocks opened very strongly. The main companies that gained profit in Hong Kong were technology-based. Hang Seng Tech Index edged up by 5.4%, whereas the city's main Hang Seng Index rose by about 2.1%. The main reason for the rise in Hong Kong Stocks is that a potential compromise can be stuck between the two countries over audit inspections. The removal of specific domestic regulators in overseas China-based companies. This would help the country's gradual delisting of US-listed Chinese stocks. Many think this move could be a potentially strong step toward future deals with the US Securities and Exchange Commission.