Following the meeting of the “Weimar Triangle”, Germany's permanent representative to the European Union (EU) Sebastian Fischer tweeted out, citing that Germany, France and Poland urge Russia to de-escalate the tensions around the Ukrainian border.

Fischer tweeted: “Germany, France and Poland call on #Russia to de-escalate the situation at the Ukrainian border + engage in a meaningful dialogue on security on the European continent. Any further military aggression by Russia against #Ukraine will have massive consequences + severe costs.”

The "Weimar Triangle" is, loosely, a grouping of Poland, Germany, and France, according to Wikipedia.

Market reaction

As the US and its NATO allies seek to de-escalate the Russia-Ukraine tensions, the S&P 500 futures take that in its stride, gaining 0.60% on the day.

Meanwhile, EUR/USD consolidates around 1.1425 amid a calm before the US inflation storm.