Join Us Thursday, May 22

Citing three people familiar with the conversation, the Wall Street Journal (WSJ) reported late Wednesday that “On a call Monday, President Trump told European leaders that Russian President Vladimir Putin isn’t ready to end the war because he thinks he is winning.”

Additional points

  • Trump shifted from suggesting sanctions to proposing lower-level talks at the Vatican between Russia and Ukraine.
  • Europeans sought to clarify Putin’s stance for Trump, underscoring their need to support Ukraine.

Market reaction

The US Dollar Index (DXY) remains on a slippery slope early Thursday, losing 0.11% on the day at 99.50.

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