President Volodymyr Zelenskiy and European leaders will meet with U.S. President Donald Trump in Washington to discuss a peace deal for Ukraine. Financial markets have responded cautiously to the recent summit between Trump and Russian President Vladimir Putin. Analysts fear Trump may pressure Kyiv into a settlement favorable to Moscow, potentially impacting global stock markets. Trump’s meeting with Zelenskiy and the Federal Reserve’s upcoming conference are key events to watch this week. India plans to reform its goods and services tax, leading to a rally in stock markets. Hong Kong developers face financial pressure as bond maturities increase next year due to falling property sales. Chinese refiners are increasing processing rates but may cut imports if prices rise. CATL’s suspension of operations at a lithium mine has impacted the market. Although stock markets are at or near highs, a ceasefire scenario is not yet factored in, meaning risk assets could rally with any progress towards peace.
Read more at Yahoo Finance: Zelenskiy heads back to Washington (with friends)
