High Hopes Unmet in Trump-Putin Meeting, Experts Predict Neutral Market Reaction

No peace agreement, no ceasefire and the US sanctions threat against Russia is postponed after Trump and Putin met in Alaska.

I think we will get a neutral reaction on the markets. I see nothing that either increases or decreases the global risk appetite after this, says Robert Bergqvist.

He gets support from Nordea's chief economist Annika Winsth.

There were no messages really. But the uncertainty remains because we get new bids from Trump all the time, she says.

If anything, it's the oil price that could be affected.

Now the US did not open the door for more trade with Russia which would have allowed them to export more oil and gas to countries like India which already import a lot of Russian energy. That they did not open that door could potentially raise the oil price somewhat, says Robert Bergqvist.