Russian President Putin will attend the BRICS Summit in India, according to Tass citing the Kremlin

Putin's attendance at the BRICS Summit signals a continuation of engagement among key emerging economies, which can shift geopolitical alliances and trade dynamics. This may lead to increased volatility in commodities like oil and gold as well as impact currency flows, particularly for the USD and EUR, given the current economic climate. Traders should monitor how this influences risk sentiment and potential sanctions-related discussions at the summit.