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Dow Jones futures sold off 300 points late Monday. The stock market recovered from heavy losses Monday ahead of the Fed's policy meeting.
NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets, in what Russia denounced as Western "hysteria" in response to its build-up of troops on the Ukraine border. MSCI's broadest index of Asia-Pacific shares outside Japan shed 1.2%, falling to its lowest in a month, and Japan's Nikkei skidded 2% to its lowest level since August. The Australian benchmark tumbled 2.73% to hit an eight-month low, hurt also by a high inflation print Tuesday morning that stoked fears of approaching rate hikes Down Under.