Reports from the US and Russia has dated the Russian military has encircled Ukrainian troops in Russia’s Kursk region.

• Ukraine military says information about Russian troops encircling Ukrainian troops is false.
• There is no encirclement threat.
• Troops were pulling back

Pres. Trump posted on Truth Social:

Meanwhile, stocks have retraced the earlier declines over the weaker than expected Michigan consumer confidence data.

• The NASDAQ index is now trading up 2.07% at 17661.
• The S&P index is trading up 1.65% at 5612.42.
• The Dow industrial average is also stretching to new highs. It is currently at 507 points or 1.24% at 41317.72

This article was written by Greg Michalowski at www.forexlive.com.