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During negotiations, Zelensky consistently refused Witkoff's requests to withdraw Ukrainian troops from Donbas, according to BBG.
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A summit of seven EU countries focused on "protection from Russia" is scheduled to take place in Helsinki. The Bank of Canada is set to resume treasury bill purchases. Several PMI reports are due across Australia, Japan, India, Germany, the Eurozone, the UK, and the US. Germany and the Eurozone will publish ZEW Economic Sentiment data. In the US, key reports on employment, housing starts, and oil inventories are expected. In Russia, Bank Saint Petersburg and Henderson are scheduled to release their financial results.
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President Trump confirms administration is exploring potential regulatory easing in the cannabis sector.
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President Trump warns that Russia and Ukraine both want to end the war now, but they might "suddenly" change their minds.
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Russia's central bank is expected to cut interest rates at its final meeting of 2025 as inflation recedes more rapidly than anticipated, the labor market cools, and the ruble stays strong. According to a Forbes poll, most experts see an approximately equal chance of a 0.5% or a 1% rate cut.
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