Investors are buying assets related to Russia and Ukraine ahead of the Putin-Trump meeting.


Global traders are purchasing securities whose value could increase if a ceasefire is reached in the Russia-Ukraine war, following official word of a meeting between US President Donald Trump and Russian leader Vladimir Putin.
Ukraine’s dollar-denominated Eurobonds are showing strong performance among emerging market securities, Bloomberg reports. For example, the Ukrainian dollar bond maturing in February 2029 rose by more than $0.3, reaching $0.65. As well, the index of Ukrainian stocks traded on the Warsaw Stock Exchange has increased the most since May. Roger Mark, an analyst at London-based Ninety One UK Ltd., called the upcoming Trump-Putin meeting “positive” but warned that progress in negotiations is needed for further gains in Ukrainian bonds.
Meanwhile, stocks of companies with interests in Russia are also climbing. The Moscow Stock Exchange indices jumped 5%, and the ruble strengthened 0.5% against the dollar. However, many assets are still trading well below their February levels, when investor optimism surrounding a peace deal was at its peak. US stock futures also increased following news of a meeting between US and Russian leaders.