# march 9, 2022 - UR war
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## Stocks Surge Most Since 2020, Oil Sinks With Bonds: Markets Wrap
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- Oil sinks more than 10% amid wild swings as traders weigh bans
- Dollar weakens for first time in five days, Treasuries drop
By Stephen Kirkland and Vildana Hajric
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(Bloomberg) -- Global stocks staged a ferocious rebound from the war-induced rout, with European equities notching the biggest rally since the pandemic bottom in March 2020 and U.S. shares jumping the most since November of that year. Oil sank more than 10% and Treasuries dropped.  
Dip buyers powered the S&P 500 up as much as 2.9% and Germany’s DAX Index to an eye-popping 7.9% surge on speculation that two weeks of selling amply reflected the global economic impact of escalating sanctions on Russia. Oil slid below $110 a barrel in New York and the 10-year Treasury yield climbed back above 1.9%.
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## Ukraine Update: Russia, Ukraine Trade Warnings Over Gas Flows
By Bloomberg News
(Bloomberg) 
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-- President Volodymyr Zelenskiy repeated he’s willing to consider some compromises to end the fighting in Ukraine, a stance he’s held since the war broke out, while adding he would not allow the “betrayal” of his country.
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Zelenskiy told Bild TV “the other side must also be willing to make compromises -- that’s why they are called compromises.” “We can’t talk about the details yet.” 
He added there had been no direct contact with Russian President Vladimir Putin and “only after the direct talks between the two presidents can we end this war.”
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## Citi’s Sale of Russian Consumer Unit Stalls as War Escalates
It has largest presence of any U.S. bank, with 3,000 workers
Citi has vowed to help its corporate clients in Russia
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By Jenny Surane, Alexandre Rajbhandari and Archana Narayanan
(Bloomberg) -- Citigroup Inc., in the midst of overhauling its businesses in Russia when the country went to war, has seen efforts to sell a consumer-banking unit there stall and is helping some employees transfer abroad.
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The moves show how Vladimir Putin’s invasion of Ukraine has quickly made the future less certain for many of Citigroup’s roughly 3,000 workers in Russia -- by far the largest presence of any major U.S. bank in the country.
The shifting circumstances have temporarily upended the push to dispose of the consumer-banking unit, according to a person familiar with the matter.
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# Parents
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* Markets and UR war⏎