Russian and Belarusian troops are to hold live-fire exercises on Thursday and Saturday, Russian defense sources told Interfax on Thursday. According to Interfax, the Russian Defense Ministry said that Russian troops will leave Belarus after military drills are completed and that troops continue to return to bases. 

Market Reaction

Amid concerning geopolitical headlines pointing towards the risk of Russia/Ukraine military escalation, markets remain in a defensive mood prior to the start of the US session. S&P 500 futures are currently trading with losses of about 0.3% on the day,  though remain within Wednesday's ranges and above the 4450 level.