Trump says major deal will be reached on Russia and Ukraine

The signal here is diplomatic rather than market-specific, but it lands in a market that has priced geopolitical risk into energy, European assets and safe havens for years. Trump's phrasing that resolution will involve "more than Ukraine" implies a broader settlement framework, yet the absence of any detail on the talks or the shape of an agreement leaves that entirely unverified. The open question is whether follow-up communication adds substance, since vague peace signals tend to move sentiment faster than they move fundamentals.