ZELENSKIY SAYS RUSSIA CONTINUES ATTACKS, SPURNING CEASEFIRE

Ukrainian President Volodymyr Zelenskiy reported that Russia is persisting with its military attacks, dismissing any proposals for a ceasefire. This escalation in hostilities is likely to heighten geopolitical tensions, impacting risk appetite among investors and leading to increased volatility in emerging markets. Assets most exposed include Russian equities and bonds, which may face selling pressure due to heightened uncertainty and potential sanctions. Traders will be particularly attentive to any developments from the upcoming NATO summit, which could influence military support for Ukraine and shape market sentiment further.

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