Full impact of Trump-Putin talks on financial markets to become clearer today
The highly anticipated meeting between Donald Trump and Vladimir Putin concluded without any definitive results. Prior to the meeting, European stock markets were experiencing gains, defence stocks were declining, and the Euro was strengthening.
Additionally, oil and gold prices were also decreasing amid hopes for peace or a potential ceasefire. While both leaders aimed to make their discussions fruitful, but it ended up with a short joint press briefing without any deal.
The pressing question now is whether the US President will take action, especially since Putin has rejected the ceasefire. Before the meeting, Trump had warned of “very severe consequences” for Russia. This raises the possibility of increased arms supply to Ukraine and further restrictions on Russian oil exports.
However, President Trump appears to be adopting a more cautious stance, indicating he might postpone any punitive measures against Russia, having suggested a delay in his plans.
He stated, “There is no deal until there is a deal.” Should the situation remain unchanged, China, as a major oil importer from Russia, stands to gain significantly.
Following the nearly three-hour dialogue and a late joint press conference, the full impact of the........
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