At 8:50 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
The article is suggesting that global economic fears are not presently in the foreground of the investor's fears. It is the conflict from Russia that at this time appears to hold the biggest weight over global assets. For the morning at least, the fear level is down. I might point out that the articles are beginning to appear that wonder when a strong market correction will occur. That will happen but when is not something one can predict with any specificity.
CNN: Stocks: 3 things to know before the open
...it looks like markets are shaking off some of those (global) fears.
...the Ukraine conflict...has far more potential to spill over to asset prices.
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