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5 things to know before the stock market opens Monday, February 28

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These are the top news, trends, and analyses that traders need in order to get started with trading.

1. Märkte

An American trader is employed at the New York Stock Exchange, New York. Feb. 25, 2022.

Wang Ying | Xinhua News Agency | Getty Images

U.S. stock futuresThe stock market fell Monday, but it traded at earlier lows after Biden announced new sanctions against Russia’s central banks over Moscow’s unprovoked invasion of Ukraine. Canada, its European allies, and the United States agreed Saturday to block key Russian banks access to the SWIFT messaging service. Wall Street mounted an attack. strong rally FridayWith the Dow Jones Industrial AverageIts best day since November 2020. After a week filled with wild swings, the Dow fell slightly in closing. S&P 500 Nasdaq finished higher.

2. Sanctions

Monday’s new actionsThe White House has effectively banned Americans from transacting business with Russia’s central bank and also frozen assets in the United States. They will not be able secure communication with other banks outside Russia because of the coordinated action taken by the White House to stop Russian banks using SWIFT (the Society for Worldwide Interbank Financial Telecommunication).

3. Oil

Oil prices roseMonday’s trade was higher on Monday due to fears about energy shortages. West Texas Intermediate crudeThe U.S. benchmark rose to $95 per barrel, more than 3% higher. Brent crudeThe international standard, averaging more than 2% and close to $100/barrel British energy giant BPIt was announced that it will be in effect Sunday offloadingRosneft is a Russian-controlled oil and gas company. It owns 19.75% of it. Russia is especially important as a supplier of natural gas and oil to Europe.

4. Russia’s ruble

Russia’s ruble currency is facing mounting international sanctions. crashed 30%This Monday Russian central banking raised its key interest rateAn emergency measure to stop the ruble’s slide has seen it drop from 9.5% to 20% on Monday. Russian finance ministry and the Russian central bank ordered Russian exporting firms to sell 80% foreign currency revenue. Monday was the last day of trading on Russia’s stock exchange. Russian stocks ETF tanked 23%In the premarket

5. Talks

As the fighting in Ukraine continued unabated, Russia’s economic decline was evident. Russian officials followed their lead. Vladimir PutinHigh alert for nuclear force. Ukraine began talksNear the border of Belarus and Russia, Monday was a day for talks in an effort to reach a cease-fire. The Ukrainian defense minister, along with other high-ranking officials, was sent to the meeting. However, Russia’s cultural adviser, Putin, led the Russian delegation. This is a rare envoy who can help end the conflict and shows how Moscow sees the negotiations.

— The Associated Press and Reuters contributed to this report. Sign up now for the CNBC Investing Club to follow Jim Cramer’s every stock move. Like a pro, follow the wider market action. CNBC Pro.

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