Russia's Kremlin says Russian President Putin will visit China but there are no plans for a Putin–Trump meeting there

The Kremlin's announcement of President Putin's upcoming visit to China, coupled with the absence of plans for a meeting with Trump, signifies a potential realignment of geopolitical ties that could affect global markets. This news is important as it might reinforce China's influence while impacting U.S.-Russia relations, potentially influencing energy markets, forex valuations, and risk sentiment. Traders should watch for any shifts in asset flows, particularly within commodities such as oil, and into safe havens amid uncertainty.