Russia's oil and gas giant Gazprom accused Ukraine of stealing gas and shutting down pipes to Europe in an interview with CNBC, an accusation rebuked by Ukraine in an escalating fight that is spreading across the continent.
US stocks were poised to rebound slightly higher Tuesday as investors waited for more data on the broader economy. Joshua Raymond from City Index looks ahead to the trading day.
The stock market has discounted the slowing economic situation, but it remains to be seen whether it has been too pessimistic, Stephen Wood from Russell Investments told CNBC. Stephen Gallo from Schneider Foreign Exchange joined the discussion.
"This night, Ukrainians unilaterally shut down three pipelines through which Russian gas went to Europe," Alexander Medvedev, deputy chief executive of Gazprom, told CNBC Tuesday. He also accused Ukraine of stealing gas.