Trump envoys in Moscow for Ukraine peace talks with Putin: FT

Envoys from the Trump administration have arrived in Moscow to present a peace proposal aimed at resolving the ongoing Russia-Ukraine conflict, according to a report by the Financial Times. This development marks a significant diplomatic effort, as the envoys, including Steve Witkoff and Jared Kushner, are directly engaging with Russian President Vladimir Putin. The proposal reportedly involves complex issues such as territorial concessions and military limitations, indicating a serious attempt at negotiation rather than a symbolic gesture. Market participants appear to view this visit as a potentially pivotal moment in achieving a ceasefire agreement. Key Takeaways The arrival of Trump’s envoys in Moscow appears to indicate a significant diplomatic effort towards a Ukraine peace agreement. Market pricing suggests increased optimism for a ceasefire agreement, with notable increases in YES probabilities for the December 31, 2026, and July 1, 2027, sub-markets. The peace proposal’s inclusion of substantive issues such as security guarantees may indicate progress toward a formal agreement. What to Watch Observers will be keenly watching for any official statements from Moscow or Washi...