Putin orders three-day pause on Kyiv strikes amid US delegation visit

Russian President Vladimir Putin has ordered a temporary halt on military strikes against Kyiv for three days, according to Kremlin spokesman Dmitry Peskov. This pause coincides with preparations for a U.S. delegation’s visit, potentially indicating a shift in diplomatic engagements amidst the ongoing conflict in Ukraine. The move comes as Kyiv has been facing continuous drone and missile attacks, reflecting a momentary de-escalation rather than a broader cessation of hostilities. This development appears to align with recent market shifts suggesting increased optimism for a potential ceasefire agreement between Russia and Ukraine. Key Takeaways The pause in strikes against Kyiv appears consistent with increased market optimism for a ceasefire agreement. Market pricing for a ceasefire by December 31, 2026, rose significantly, reflecting participants’ view of the potential for diplomatic progress. The timing of the pause with the U.S. delegation’s visit suggests possible international mediation efforts gaining traction. What to Watch Markets will closely observe the outcomes of the U.S. delegation’s visit to Moscow and Kyiv for any indications of progress towards a ceasefire. Develo...