Ukrainian President Zelensky said that we are counting on another round of negotiations being as early as February and that this could can be truly productive

• No progress on territory discussions.
• All sides agreed on next meeting within 10 days and military talks are constructive.

Zelensky's comments suggest a potential thaw in negotiations surrounding the Ukraine conflict, with a new round of talks anticipated in February. However, the lack of progress on territorial issues indicates that substantive resolutions are still elusive, which keeps uncertainty high. This dynamic could influence investor sentiment across currencies and commodities, particularly in risk-sensitive assets like gold and energy markets.