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US Market Open: Trump announced a Russia-Ukraine energy ceasefire, but was not confirmed by Moscow; DXY mildly firmer
US President Trump announced a potential Russia-Ukraine energy ceasefire, while also lifting Russia's diesel export ban.
Ukrainian President Zelensky said that he was willing to halt strikes if Russia stopped targeting Ukrainian infrastructure, but noted that Russia hit a power plant, following US President Trump's energy ceasefire comment.
US equity futures are firmer but off best levels as energy rebounds (Brent +1.1%).
DXY posts mild gains; GBP outperforms as PM Burnham aims for improved EU ties.
Fixed income gives back earlier upside given the aforementioned energy moves.
Looking ahead…
The skinny
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