Lack of progress in Ukraine peace talks weighs on stocks again. Euro slips as ECB’s hawkish surprise comes with a dovish twist. Dollar hits 5-year high versus yen amid ongoing safe-haven appeal and Fed bets.

Equities rally on hopes of a ceasefire as Russian and Ukrainian foreign ministers meet. Oil recoups some losses after tumbling on possible supply increase by OPEC. Euro drifts lower ahead of crucial ECB meeting, firmer dollar eyes US CPI data.

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