“A number of drills have finished, troops are expected to return to bases,” Interfax reports, citing Russia’s military.

Additional headlines

“It continues set of drills involving almost all districts and navies.”

“Some units of western and southern military districts have started returning to bases.”

Market reaction

The risk sentiment got a much-needed boost from these headlines, as S&P 500 futures jumped to daily highs of 4,432, up 0.70% on the day.

AUD/USD is rebounding to test 0.7150, gaining 0.30% so far.