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Good morning. U.S.-Russia planned meeting, EU seeking to avoid another gas crisis, Fed speak on rates and a softening UBS hierarchy. Here’s what’s moving markets.

Russian Foreign Minister Sergei Lavrov agreed to meet U.S. Secretary of State Antony Blinken for talks in Europe next week. That eased some anxiety in markets, bolstering risk sentiment and sending U.S. and European equity futures higher. Before that, Wall Street stocks sank Thursday after the Biden administration ramped up warnings of a possible Russian attack on Ukraine. Officials in Moscow have repeatedly rejected such warnings as “hysteria.”