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#marketupdate

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Stocks slumped globally, with European equities ( $STOXX ) shedding 1%, S&P 500 futures ( $SPX ) dipping 0.5%, and Poland’s main stock index ( $WIG20 ) sinking 2.6%. Global bonds climbed as the yield on 10-year Treasuries ( $UST10Y ) fell to 4.34% and German bond yields hit their lowest since October.

Markets reacted to Putin’s expanded nuclear doctrine and Ukraine’s first long-range missile strike on Russian territory.