A Trader’s Guide to the Alaska Talks Between Trump and Putin

Traders are dusting off their geopolitical playbooks ahead of Friday’s meeting between Donald Trump and Vladimir Putin, looking for any signs as to how the outcome will shape the future direction of markets.

In the run-up to the talks, investors have been piling into assets that could stand to benefit from either a ceasefire in Ukraine or an easing of sanctions on Russia. Ukrainian government bonds have rallied, alongside shares of companies that would benefit from the reconstruction of Ukraine and European banks that still have a presence in Russia.