Bonds & Stocks
Stocks rose ahead of earnings from Microsoft Corp. and Alphabet Inc. Treasuries stabilized amid growing speculation that the recent selloff was excessive. Treasury 10-year yields slipped as much as five basis points to a one-week low of 4.80% before paring the move. Europe's Stoxx 600 index edged higher, while US futures pointed to shares snapping a five-day losing streak.
Economy
US Treasury staff and counterparts from China held the first meeting of a new working group dedicated to discussing economic topics, yet another small sign of improving ties between the two powers. "The delegations met virtually for two hours and had a productive and substantive discussion on topics including domestic and global macroeconomic developments," the Treasury Department said in a statement following the session, held by video conference on Monday evening in the US and Tuesday morning in Beijing.
World
A senior Ukrainian official said Russian cyberattacks are growing more sophisticated and have become daily occurrences aimed at disrupting vital infrastructure during wartime. Deputy Foreign Minister Anton Demokhin, who's also the ministry's chief digital transformation officer, said hackers continue to target government bodies, security agencies and commercial businesses including financial institutions to try to disrupt services and acquire personal data.