Diplomatic efforts continue, Fed meeting begins, and fears of a crypto winter.
Western allies are pushing ahead with diplomatic efforts to defuse tensions around Ukraine. Despite the ongoing talks, the U.S. seems ready for negotiations to fail as it puts 8.500 troops on alert for rapid deployment in case of an escalation by Russia. French and German leaders are scheduled to meet later today in Berlin to discuss the situation. President Joe Biden said that he had a “great meeting” with European leaders yesterday. Equities in the region are regaining some ground this morning after yesterday’s tumble, and natural gas prices declined as shipments from Russia increased and mild weather was forecast.