Russian President Putin made decision to announce temporary ceasefire in conflict with Ukraine, Ria reports; is in connection with Victory Day and will be in effect May 8-9th

Putin's announcement of a temporary ceasefire coinciding with Victory Day could signal a potential easing of tensions in the Russia-Ukraine conflict, which may influence market sentiment. The ceasefire could impact energy and commodity prices, particularly in crude and metals, as traders assess the implications for supply dynamics and geopolitical stability. Overall, this development might provide a more favorable environment for risk assets, affecting both currencies and commodities.