The risk of Russia invading Ukraine has increased in the "last dozen hours or so," says Poland, after Russian President Putin boosted the number of troops on Ukraine's western border.
S&P 500 (NYSEARCA:SPY) futures are lower by 0.4% and Nasdaq 100 (NASDAQ:QQQ) by 0.5%.
Europe's Stoxx 50 (NYSEARCA:FEZ) is down 1.4%, led by Italy's (NYSEARCA:EWI) 2.9% decline. Asia was lower overnight, led by the Nikkei's 1.1% decline.
Money is flowing into fixed income, with the 10-year Treasury yield off four basis points to 2.45%, and gold is higher by $6 per ounce to $1,291.
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