Could President Trump broker a ceasefire agreement for the Ukraine-Russia war like he did between Israel and Iran? That would remove another major geopolitical headwind from the stock market as the S&P 500 (SPX) trades higher today from the halt in Middle East fighting.
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Trump will meet in-person with Ukraine President Volodymyr Zelensky on Wednesday during the NATO Summit in The Hague, Netherlands, said a White House official. The meeting follows Trump’s early departure from the G7 Summit last week, erasing the chances of a meeting with Zelensky.
Zelensky to Request More U.S. Sanctions on Russia
Zelensky’s office has released a list of three priorities to be discussed during the meeting. The first is a request for greater weapons support from the U.S., such as Patriot missile defense systems. Next, the Ukrainian President may ask for greater U.S. sanctions on Russia as a bargaining chip for peace. The last priority is to discuss diplomatic strategies in order to pressure Russian President Vladimir Putin to reach a resolution.
Still, the market has largely placed the Ukraine-Russia war in the rearview mirror. The S&P 500 has returned 39% since Russia invaded Ukraine on February 24, 2022.
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