(Bloomberg) — Stocks are set to fall Monday on geopolitical risks and growing calls from Federal Reserve officials for higher interest rates to fight inflation.
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Futures for Japan, Australia and Hong Kong were lower after Wall Street shares slid Friday amid risk aversion. U.S. markets are shut for a holiday Monday.
The threat of Russian military action against Ukraine has boosted havens like sovereign bonds, though demand for shorter-maturity Treasuries will be tested Tuesday by a flood of supply. Australian bond yields fell, while the dollar was mixed in early trading.
Questions are swirling about what might happen to supplies of energy, grain and some metals if the Ukraine situation deteriorates. Oil is being buffeted by those concerns as well as the potential for a return of Iranian barrels.
In cryptocurrencies, Bitcoin retreated over the weekend and was…
