TRUMP ENVOYS JARED KUSHNER AND STEVE WITKOFF ARE SET TO HOLD TALKS WITH RUSSIAN PRESIDENT VLADIMIR PUTIN IN MOSCOW ON THURSDAY - AXIOS

Per Axios, Trump envoys Jared Kushner and Steve Witkoff are scheduled to meet Russian President Vladimir Putin in Moscow on Thursday. The headline does not specify the agenda, and any direct market impact would hinge on whether the talks address sanctions relief, Ukraine ceasefire terms, or energy supply arrangements. The primary transmission channel for such diplomacy is geopolitical risk premia, which can compress or widen quickly through the pricing of European energy, the ruble, and Russian sovereign and equity instruments. Assets most exposed include Russian equities and the ruble, which typically react most sharply to any signal of sanctions easing, alongside European natural gas benchmarks and defense-sector stocks that tend to move inversely to peace-process headlines. Traders should watch the post-meeting statements from both delegations and any subsequent movement in Brent crude and TTF gas futures during Thursday's and Friday's sessions.

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