US Envoy Witkoff says that discussion between US, Ukraine and Russia were productive but "significant work remains"; talks will continue, with additional progress anticipated in the coming weeks; Ukraine and Russia agreed to exchange 314 prisoners

US Envoy Witkoff says that discussion between US, Ukraine and Russia were productive but "significant work remains"; talks will continue, with additional progress anticipated in the coming weeks; Ukraine and Russia agreed to exchange 314 prisoners.

The US envoy's optimistic remarks regarding US, Ukraine, and Russia discussions suggest potential for de-escalation, which could buoy sentiment in risk assets. However, the mention of "significant work remains" highlights that uncertainty persists, keeping traders on alert. The prisoner exchange agreement, while a minor breakthrough, may not substantially shift market dynamics just yet, but continued talks could bolster stability in energy and commodity prices if progress materializes.