Zelenskiy and his European allies arrive in Washington on Monday anxious to find out what Trump committed to at his summit with Putin and apprehensive that he’ll force Kyiv into making unpalatable concessions.
While the US is expected to focus on territorial concessions demanded by Russia, Kyiv will seek to pin down possible security guarantees, according to a person familiar with the matter.
The end result from Friday’s summit is more of the same, as stakeholders look for next steps in resolving the crisis, said Helima Croft, head of commodity strategy at RBC Capital Markets LLC. Attention now may shift back to India and China as the US tries to look for ways to further crimp the Kremlin’s oil revenues.
“Trump appears to be putting on hold any additional sanctions or secondary tariffs on energy,” Croft said.
On Friday, Wall Street traders sent stocks down from all-time highs as data showed mixed indications on how American consumers are feeling about the economy.
This week, investors will also be watching Japanese inflation data for guidance on whether the Bank of Japan will hike rates again this year. China’s loan prime rates will also be in focus amid expectations of more stimulus from Beijing to weather Trump’s trade war.
