Russia launches missile attack on Kyiv, escalating Ukraine conflict

Russia launched a coordinated missile attack on Kyiv and Bila Tserkva, involving approximately two dozen ballistic missiles and over 30 cruise missiles, resulting in at least two fatalities. The escalation comes amid ongoing hostilities between Russia and Ukraine, marking a significant uptick in military activities. Observers suggest that this development could indicate a broader strategy by Russia to intensify its military operations in Ukraine. Current market data reflects a heightened perception of risk concerning potential Russian advances into Ukrainian territory. Key Takeaways The missile strikes on Kyiv and Bila Tserkva appear to suggest an escalation in hostilities, potentially increasing the odds of Russian military movements. Markets for the scenario of Russia entering Sloviansk by the end of 2026 currently show a 20% probability, with no significant change over the past 24 hours. A notable increase in the probability for Russia entering Druzkhivka is observed, now at 52%, up from 46% a week ago, suggesting heightened concerns about military advances. What to Watch Observers will closely monitor any further military actions by Russia that could indicate an expansion of th...