Economy update
Yesterday’s talks between Trump and Zelensky ended on a relatively upbeat note as the US President hinted at providing security guarantees to Ukraine if a peace deal is achieved with Russia, without elaborating. There are still many moving parts, and the situation will likely take the usual twists and turns in the coming weeks and months. The upcoming central bankers’ meeting at Jackson Hole is eagerly anticipated for monetary policy clues. European shares are edging higher, the dollar index is weakening, whilst bond yields are slightly lower.
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