Lates News

CITIC Securities Research Report stated that the US and Russian presidents may hold talks on August 15th, and a key change in the Russia-Ukraine conflict may occur. Negotiations between Russia and Ukraine may need to be carried out step by step, focusing on issues such as ceasefire, territorial control, lifting sanctions on Russia, post-war security arrangements in Ukraine, and US strategic interests in Europe. The upcoming meeting between the US and Russian presidents may prioritize short-term goals such as a ceasefire, with other goals to be observed in the future. For major asset classes, if the US-Russia talks only reach consensus on a short-term ceasefire, the impact on major asset classes is more likely to be short-term emotional reactions such as fluctuations in gold, oil, and the US dollar due to geopolitical risks, or temporary decline in European and US equities due to risk aversion or short-term upward trends. However, if significant progress is made on issues such as lifting sanctions on Russia, it may have a more substantial impact on major asset classes due to disruptions in the supply side of some commodities.