Russian President Putin says Russia will continue to develop missile systems capable of overcoming all current and future missile defence systems; will continue to modernise and develop its strategic nuclear forces, TASS reports

Putin's statement underscores Russia's commitment to enhancing its military capabilities, particularly its missile systems. This could heighten geopolitical tensions and may impact risk sentiment, potentially driving investors towards safe-haven assets like gold and the JPY, while pressuring currencies like the EUR and GBP due to increased uncertainty in Europe.