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Following days of negative rhetoric on both sides, the US and Russia began serious negotiations in Geneva on Monday in the hopes of averting a fresh Russian invasion of Ukraine while not compromising on the Kremlin’s far-reaching security demands.
The discussions between Russian Deputy Foreign Minister Sergei Ryabkov and Deputy US Secretary of State Wendy Sherman began at the US diplomatic post in Geneva with relations between the US and Russia at their most hostile since the Cold War ended three decades ago.
Technology stocks, which have risen in recent years thanks to historically low interest rates, led the declines, with investors flocking to lower-cost energy and financial firms.
On Monday, there was a small decline across markets, but it was noticeable.
By 1150 GMT, the Euro STOXX (.STOXX) had fallen 0.37 percent, Germany’s DAX (.GDAXI) had fallen 0.34 percent, and the FTSE 100 (.FTSE) had fallen 0.05 percent.
Futures on Wall Street suggested a lower opening.
The S&P 500 is off to its worst start since 2016.
On Monday, Asian stocks defied the trend.
Outside of Japan, MSCI’s broadest index of Asia-Pacific stocks (.MIAPJ0000PUS) rose 0.63 percent.