SQUAWK BOX, WEDNESDAY 16TH MARCH, 2022

Ukrainian President Volodomyr Zelenskyy says that talks with Moscow are becoming more realistic, admitting that NATO membership is unlikely. Zelenskyy hosted the prime ministers of Poland, the Czech Republic and Slovenia in Kiev. President Biden is to attend an extraordinary meeting with NATO leaders in Brussels next week. Meanwhile, Russia faces its first sovereign default on foreign currency debt in more than a century. Nickel trading will resume on the LSE which imposed a 5 per cent price move cap, after prices surged last week over continuing Russian supply fears. In Hong Kong, tech stocks rouse the Hang Seng after two days of huge declines while on Wall Street, the S&P 500 posts its first positive session in 4 days.