NewsWare’s Trade Talk: Tuesday, March 1

S&P Futures are lower as fighting intensifies in Ukraine. The geopolitical situation remains fragile as the global market prepares for increases in inflation and rising interest rates. The Fed now appears set for a move of 25 basis points, but we will get clarity on this tomorrow when Fed Chair speaks on Capitol Hill. Oil prices are back over $100 a barrel and a move on releasing oil for strategic reserves around the world gathers support. Key economic reports for today include U.S. Construction Spending for January and the U.S. ISM report on Business Manufacturing for February. Shares of Target are showing solid gains this morning after a positive earnings release.