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Risk appetite surge as Russia and Ukraine agree ceasefire

FXStreet (Córdoba) - European stocks extended gains, Asian Shares climbed and US futures reached record highs as Ukraine and Russia agreed on a ceasefire in eastern Ukraine, lifting risk appetite across markets.

According to the latest reports, Russian President Vladimir Putin and Ukrainian President Petro agreed in a telephone conversation on a permanent ceasefire in eastern Ukraine.

In the stocks market, the Stoxx Europe 600 rose 1.02% to 346.25 on the news. Russia's MICEX benchmark was up 2.6% after the agreement, while Germany's DAX rose 1.7%. Other region’s indices are also up by more than 1%

US futures are up by nearly half a percentage point, with S&P futures reaching 2009 points and DJIA futures striking 17140 points.

The ruble rose against the dollar following the reports, with the dollar USD/RUB down 1.60%. The euro and the pound extended their recovery from multi-month lows versus the greenback, while the USD/JPY remained steady near 105.00.

As for commodities, gold plummeted as traders get rid of safe-havens. Gold fell to a 3-month low of $1,261 an ounce while crude oil rose 0.52% to $93.35 a barrel.

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