UPDATED 6:45 ET

STOCKS – European stocks declined the most in five weeks amid increasing geopolitical tension after Russia’s parliament authorized President Vladimir Putin to deploy troops in Ukraine. U.S. index futures and Asian shares also fell.

BONDS – Government bonds rose around the world after Russia seized control of Ukraine’s Black Sea region of Crimea, spurring demand for haven assets.

COMMODITIES – Most commodities advanced to the highest level in almost six months as escalating tension in Ukraine fueled concern that energy and agricultural supplies will be disrupted while increasing demand for gold as a haven.

CURRENCIES – The Japanese yen and the Swiss franc strengthened after Russia took control of Crimea, intensifying concern of a conflict with Ukraine’s new government and boosting demand for haven assets.

ECONOMIC DATA – US Personal Spending m/m due at 8:30, ECB President Draghi Speaks at 9:00, US ISM Manufacturing PMI due at 10:00, AUD Building Approvals 19:30, RBA Rate Statement at 22:30 ET.