Possible scenario
Conditional Ceasefire Path
25%
+0.6%
Putin’s rejection of an immediate ceasefire leaves room for a conditional process involving sequencing, monitoring, sanctions relief discussions, or territorial security guarantees. This scenario is plausible because Moscow may seek diplomatic leverage without accepting Ukraine’s preferred terms.
What it moves
- Consumer Cyclicals+0.7%
- Energy−0.6%
- Market volatility
- Riskier companies' borrowing costs
Keeping an eye on this scenario?
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