Ukrainian President Volodymyr Zelenskyy told BBC on Wednesday that they have not yet seen any withdrawal of the Russian military, as reported by Reuters.

Earlier in the day, a Kremlin spokesperson refuted reports claiming that there was no evidence of a pullout by Russian forces.

Market reaction

Markets remain cautious following these comments. S&P Futures, which gained as much as 0.4% earlier in the day, were last seen rising 0.1%. Meanwhile, the US Dollar Index stays in the negative territory below 96.00 ahead of US Retail Sales data.