Possible scenario
Summit Produces Framework
+0.8%
The most likely constructive path is that Russia, the United States, and Ukraine agree to hold the Abu Dhabi summit and emerge with a limited framework rather than a final peace treaty. Moscow still has incentives to preserve leverage, while Kyiv will resist any settlement seen as legitimizing occupation.
What it moves
- Energy−0.8%
- Non-Energy Materials+0.6%
- Market volatility
- Riskier companies' borrowing costs
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