According to Russian state-owned news agency TASS, representatives of the United States and Russia are set to meet in Istanbul, Turkey today. Details are scarce so far and there is no confirmation on the topic of talks. However, as Turkey has long aspired to play a mediator role in ending Russian-Ukraine war, there is some hope that war in Ukraine will be the main topic. However, additional prisoner swaps or restarting talks on new START treaty may also be cause for the meeting. Nevertheless, markets are taking it as a positive with European stock market indices and US futures ticking higher on the news. USD move moved lower following TASS report.
DE30 has moved around 0.3% higher since the release of the TASS report on Russia-US talks. Source: xStation5