Ukraine-Russia war latest news: Headlines markets are reading as a major city falls to Russia

Ukraine-Russia war latest news: As the invasion gets into another week of attacks commodity markets face the whirlwind of pressure as sanctions on Moscow are starting to choke the global supply chain. Here are the top headlines the markets are reading

The latest news from the ground

• Moscow claims its troops have taken Kherson
• First major city in Ukraine to fall to Russia
• Ukraine’s second biggest city, Kharkiv, suffered heavy bombardment
• More US troops deployed to Europe
• US to postpone missile test to avoid misunderstandings

The market moves

• US markets see strong rebound, Dow up 600 points
• Crude continues surge, tops $115/bbl overnight
• Fed says rate hikes on track "“The bottom line is we will proceed: Powell"