#BREAKING:Ukraine president says cease-fire deal agreed

Russian President Vladimir Putin shakes hands with Ukrainian President Petro Poroshenko as Kazakh President Nursultan Nazarbayev looks at them prior to their talks in Minsk, Belarus on Aug. 26, 2014. Poroshenko and Putin have agreed on a permanent ceasefire, according to Poroshenko's office. (Sergei Bonarenko / EPA)

The office of Ukrainian President Petro Poroshenko says he and Russian President Vladimir Putin have reached agreement on a cease-fire in eastern Ukraine.

The brief statement on Wednesday gave no details and there was no immediate reaction from the Russia-backed separatists whom Ukrainian forces have been fighting since April.

Russian markets jumped on the news. The MICEX benchmark was 3 percent higher while the ruble rose 1.2 percent against the U.S. dollar.

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