This morning's synopsis:

• • Equity futures remain below Friday's close but have come well off the lows over Sunday night.

  • Ukraine conflict weighing heavily on sentiment after reports US in talks about banning Russian oil imports, which has fueled sharp oil price gains and plays into worries over global supplies and heightens stagflation concerns.

  • CNBC puts out an article saying in recent cycles when oil doubled in a one-year period, a recession occured. The r word is what you'll hear from the market in the coming days.

  • Russia-Ukraine to hold third round of talks today but expectations low for ceasefire.

  • On macro front, China unveiled GDP growth of around 5.5% for 2022, above economist expectations. No changes to other metrics though signaled scope for fiscal and monetary policy tweaks. Early focus in Europe on relatively strong Germany macro data but it came before Ukraine crisis. Eurozone Sentix economic index registered biggest drop in 20-years in March. European Central Bank set to leave policy on hold later this week given geopolitical developments.

Stock-specific news:

• Boeing (BA):Cowen note remains Outperform, acknowledge the stock faces near term geopolitical risks and FAA transition, but sees 2024 FCF of $20+, price target lowered to $230 from $265

  • Boeing halts buying titanium from Russia - WSJ, citing company

  • Boeing aiming to double 7373 MAX production by the end of 2023 -- Reuters