The British FTSE index seems to open 7 points higher at 7,536, the German DAX 34 points lower at 14,767, the French CAC 40 8 points at 6,775 and the Italian FTSE MIB 43 points lower at 24,630, according to IG data. The investment climate intensified on Tuesday following talks between Russian and Ukrainian officials in Turkey, in which Russia’s deputy defense minister claimed that Moscow had decided to “drastically” cut its military activity near the Ukrainian capital. Speaking after the talks in Istanbul, Alexander Fomin said Russia would slow down its military operations near Kyiv and Chernihiv in order for the peace talks to move forward. Russia has previously said it would reduce military operations in other parts of Ukraine, but has since continued to advance. Follow the live Ukraine-Russia updates here Rising hopes for a ceasefire appeared to boost the investment climate on Tuesday, as Dow Jones Industrial Average futures rose 200 points, or 0.6%. S&P 500 futures also rose 0.6%, while the Nasdaq 100 futures rose 0.7%. Meanwhile, the price of US benchmark West Texas Intermediate crude, which jumped after the Russian invasion of Ukraine, fell more than 4% to $ 100 a barrel. However, doubts have been raised about the commitment, and while the Russian military has begun moving some of its troops to Ukraine away from areas around Kyiv to locations elsewhere in Ukraine, Pentagon Spokesman John Kirby warned that the movement of troops do not equate to retreat. .

Shares in Asia-Pacific traded lower on Wednesday as investors watched developments around the war in Ukraine. In the state, traders are watching a series of key financial reports, while also tracking planned interest rate hikes by the US Federal Reserve. The Jobs and Turnover Survey on Tuesday showed 11.3 million jobs, higher than the expected 11.1 million. ADP will also release its private payroll data ahead of its closely monitored monthly job report on Friday. Upcoming data releases include Russia’s latest reading on consumer and business confidence. Retailer Next is about to release its latest earnings. Like this article? For exclusive stock options, investing ideas and global live streaming on CNBC Subscribe to CNBC ProStart your free trial now – CNBC’s Amanda Macias contributed to this market report.