Possible scenario
Interim Ceasefire Framework
20%
+0.9%
The U.S. proposal evolves into a limited framework for separating forces in parts of southern Ukraine and Donbas. A narrow security arrangement is more realistic than a comprehensive peace deal because sovereignty, sanctions, and NATO guarantees remain unresolved.
What it moves
- Technology+1.2%
- Finance+1.0%
- Market volatility
- Riskier companies' borrowing costs
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