LONDON—World stocks crept higher on Wednesday for the second day in a row, while safe-haven assets such as government bonds and gold lost ground, despite Western skepticism over Russian claims of a troop pullback from Ukraine’s borders.
Markets are looking for any sign that one of the deepest crises in East-West relations for decades is starting to ebb and have seized on Moscow’s announcement of a partial pullback, even while U.S. President Joe Biden warned there was no proof.
