The market has clearly moved in the last minutes following the comments of Russian negotiators. According to Russia, the peace talks are constructive and are entering the "practical" phase. The Russian side also does not rule out a meeting on the Putin-Zelensky line. In addition, Minister Shoigu announced that Russia will scale down military activity near Kiev and Chernihiv in order to create conditions for dialogue. Ukraine has also indicated that it sees room for talks between Zelensky and Putin.
Of course, it is worth noting that most of it comes from Russia. Earlier, Ukraine indicated that it wanted to discuss Crimea and the withdrawal of Russian military units in separatist regions. Both sides did not comment on their statements. It is worth remembering that until recently markets reacted to Putin's words about constructiveness, which turned out to be untrue.
Markets react very positively:
- EURUSD is testing 1.11
- Gold close to USD 1,900
- WTI crude oil at $ 104
- S&P 500 at 4,600
EURUSD is testing resistance at 1.11 after comments from Russia about constructive negotiations. Source: xStation5
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