What to Watch: Russia Invasion Underway

World watches as Russia invades Ukraine, large air, ground, sea assault underway. Sharp risk-off price action, FI rates surge, equities selling of, crude and gold spike (latter gaining over 53.0). Not a member of NATO -- Secretary Gen Jens Stoltenberg stated that there are no NATO troops in Ukraine and there are no plans to send NATO troops into Ukraine.

• Nation heads announcing more sanctions make rounds -- 'Massive Package Of Sanctions' as PM Boris Johnson makes address on Ukraine: "Today in concert with our allies we will agree a massive package of economic sanctions designed in time to hobble the Russian economy”.
• French Foreign Minister Jean-Yves Le Drian released a statement on the crisis, stating that "France will increase its support to Ukraine, in all shapes and forms". Latest from Pres Macron include "sanctions against Russia will factor in the energy sector and will be without weakness". WTI crude currently trading around 99.30 +7.20.
• US Pres Biden to make address nation at 1200ET today; Sec of State Blinken, Tsy Sec Yellen to brief House members at 1830ET.
• Economic data drop coming up at 0830ET:
• Initial Jobless Claims (248k, 235k); Continuing Claims (1.593M, 1.580M)
• GDP Annualized QoQ (6.9%, 7.0%); GDP Price Index (6.9%, 6.9%)
• Personal Consumption (3.3%, 3.4%); Core PCE QoQ (4.9%, 4.9%)
• Fed speakers: Richmond Fed Barkin at 0900ET; Atlanta Fed Bostic at 1100ET; Cleveland Fed Mester at noon; SF Fed Daly and Fed Gov Waller this evening.