Rubio: I do not rule out extending an invitation to Zelensky to attend the upcoming G20 summit, but the decision on that rests with President Trump.

Secretary of State Marco Rubio said he does not rule out inviting Ukrainian President Volodymyr Zelensky to the upcoming G20 summit, while stressing that the final decision belongs to President Donald Trump. The transmission channel here is geopolitical risk sentiment rather than direct economic data: a G20 invitation would signal the degree of diplomatic engagement between Washington and Kyiv, which feeds into expectations for the trajectory of the Russia-Ukraine conflict and related sanctions policy. Assets most sensitive to that repricing include European defense equities, Ukrainian sovereign and corporate debt, and energy and commodity markets where traders price the probability of a negotiated settlement versus prolonged supply-side uncertainty. Because the headline is conditional and places the decision with the U.S. president, markets are likely to treat it as a low-conviction signal until an explicit announcement follows. Traders should watch for official confirmation of the G20 guest list and any subsequent White House statement on Zelensky's attendance.

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