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Peace in Ukraine? Market implications of Trump-Putin call

President Trump’s push for a peace agreement in the Russia-Ukraine war would affect major financial markets mainly through lowering energy prices, especially in Europe. In turn, that would be a boost for equities and currencies in the region. But, unlike the Russian invasion nearly three years ago, an eventual resolution to the war would probably have a relatively limited overall impact on financial markets, aside from assets directly linked to the Russian and Ukrainian economies.

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