Markets bounced back in early afternoon trading Tuesday as Ukraine signaled its readiness to accept a U.S.-backed proposal for a 30-day ceasefire, an agreement that could be extended if both sides comply.
While the plan still hinges on Russia’s acceptance, investors saw the development as a step toward de-escalation, triggering a relief rally in the riskiest assets, such as stocks and cryptocurrencies.
According to a joint U.S.-Ukraine statement released Tuesday, both nations made “important steps” toward securing durable peace in Ukraine. The statement praised the resilience of the Ukrainian people and underscored the urgency of beginning a long-term negotiation process.
Stocks and Bitcoin Jump on De-Escalation Hopes
Markets responded swiftly to the news. The Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:
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