Europe’s violent history had been in remission, but it returned with a vengeance this week when Russia invaded Ukraine. It’s been comforting to assume that decades of relative peace on the Continent and its near-periphery had become the new norm and that centuries of war had passed into history as a real and present danger. But the world has been reminded anew that the long arc of history isn’t easily dispatched.

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* Russian forces moving in on Ukrainian capital of Kyiv
* Kremlin will analyze Ukraine’s offer to discuss a non-aligned status
* Countries around the world continue to pile new sanctions on Russia
* Ukraine war reshuffles risk outlook for global economy
* Will the Russian invasion of Ukraine change the Fed’s rate-hike plans?
* EU set to sever 70% of Russia’s banking system from global markets
* US officials asked China for help to avoid war in Ukraine. China said no
* Russia’s invasion of Ukraine threatens exports of critical commodities
* US growth picked up in January via Chicago Fed Nat’l Activity Index
* US jobless claims fell last week; Q4 GDP growth revised slightly higher
* Brent oil surged on Thursday before ending just below $100/bbl: