China’s President Xi is to hold a video call with Russian President Putin, CCTV reports

China’s President Xi is to hold a video call with Russian President Putin, CCTV reports.

Xi's video call with Putin signals potential bolstering of China-Russia ties amid ongoing tensions with the West, which could have implications for energy markets and global commodities. Expect volatility in currencies sensitive to geopolitical risk, particularly the USD, EUR, and commodities such as oil and gold as markets digest any outcomes or statements from the call.