Possible scenario
Escalation During Talks
−0.9%
The least likely but most market-sensitive path is that battlefield events undermine the negotiations almost immediately. A major strike, sabotage accusation, or sanctions threat during the talks would make the diplomatic opening look fragile.
What it moves
- Industrials+1.0%
- Energy+0.7%
- Riskier companies' borrowing costs
- Market volatility
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