November 09, 2022 15:14 GMT
Equities Rally as Russian Withdrawal From Kherson Looks Imminent
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- Bloomberg cites Russian defence minister Shoigu as ordering Russian troops to pull back from the city of Kherson in Ukraine.
- This would mark a notable development in Ukraine. Kherson had been under pressure from Ukrainian forces for some time now and is one of the last few regional capitals in Ukraine left under Russian control. This represents another material loss for the Russian war effort.
- Equities see support on the headline, with the e-mini S&P rising back above the 3820 level and EUR/USD rallying to 1.0086 to challenge the overnight highs.