• “Discussions may be ongoing but there is little willingness from either side to compromise, so there’s still a high level of uncertainty that this will actually produce a resolution,” said Monex’s Andrew Hazlett. “Either way, troops are still en route, Saudi is still pushing for hostilities to continue, and energy prices are still under pressure”
• Fund managers rebalancing their global portfolios will have to buy dollars into the end of March and the first quarter amid a sizable slump in US stocks, according to Barclays Plc.

Reporting by Anya Andrianova and James Hirai