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Kremlin Spokesman Peskov: Putin-Biden Summit was rather positive – Interfax

Commenting on the highly-anticipated meeting between US President Joe Biden and his Russian counterpart Vladimir Putin, a spokesman from Kremlin, Dmitry Peskov, said that the “Summit was rather positive.”

Additional comments

“Understanding with the US that needs to talk about stability, arms control as soon as possible.”

“Russian ambassador to return to the US in coming days.”

On Wednesday, Presidents Biden and Putin signed a joint statement vowing to launch a bilateral Strategic Stability Dialogue to lay the foundation for arms control talks and avoid nuclear war.

Russia’s Deputy Foreign Minister Sergey Ryabkov said, “The first meeting within the bilateral Strategic Stability Dialogue on arms control will happen in a matter of weeks, not months.”

Market implications

The positive US-Russia geopolitical development failed to lift the market mood, as the Fed’s hawkish signal continues to have a significant weight on the investors’ minds.

The S&P 500 futures drop 0.38% to 4,196 while the US dollar index renews two-month highs at 91.75.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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