Globally, news flow on the Russia-Ukraine war -- which is in its sixth week -- kept investors cautious. Wall Street's three main indices rose on Monday, boosted by tech and growth stocks. S&P 500 up about 0.8 percent, and Nasdaq composite up about 1.9 percent.

Markets are now pricing in about 214 basis points of rate hikes for the full year 2022. If anything that has actually moved up a little bit. The focus, will be what happens to energy prices, the price of oil for example and over the next couple of days we may get some cues.

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