Rheinmetall AG

Ukraine's U.S. currency-denominated government bonds jumped to their highest level since February amid signs of progress in the peace settlement, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-11-24/ukraine-bonds-lead-eastern-european-assets-higher-on-peace-talks">reported</a>. Bonds maturing in 2029 rose 3 cents on the dollar and are trading above 72 cents. Bonds maturing in 2035 and other near-term issues were also among the leaders of growth among emerging market debt instruments on Nov. 24.

Ukrainian bonds and Eastern European currencies rise amid peace process

White House and Kiev prepare a refined draft peace agreement, but there is "a lot of work" ahead

Rubio says 'productive talks' with Ukraine on peace plan

The year 2025 abruptly reversed the dynamics of the currency market: the dollar's exchange rate against the currencies of major U.S. trading partners, which had risen by 40% between 2010 and 2024, fell sharply. The first half of the year was marked by the strongest dollar <a href="https://www.morganstanley.com/insights/articles/us-dollar-declines">depreciation</a> in half a century, down 11% since 1973. In the following months, the nominal effective exchange rate <a href="https://fred.stlouisfed.org/graph/?g=1NxFg">recovered</a> about a quarter of the decline, while the real exchange rate <a href="https://fred.stlouisfed.org/series/RBUSBIS">remained</a> roughly flat at the end of the first half of the year.

The dollar under Trump has suffered its strongest decline in half a century. This may not be the end 

Kiev's major European allies sided with President Vladimir Zelensky in rejecting key elements of a U.S.-Russian plan to end the war in Ukraine that involves significant concessions to Russia, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-11-21/ukraine-and-european-allies-reject-key-parts-of-us-russian-plan">writes.</a>

Europe and Kiev reject key points in plan to end Ukraine war

Hensoldt AG

Leonardo S.p.a.

European defense stocks on Friday fell to their lowest levels since early September after Ukrainian President Vladimir Zelensky <a href="https://oninvest.com/article/kiev-soglasilsa-na-peregovory-s-trampom-po-novomu-mirnomu-planu-v-nem-28-punktov">said</a> he was ready to work "honestly" on a U.S.-backed plan to end the war, Reuters <a href="https://www.reuters.com/business/aerospace-defense/european-arms-makers-stumble-ukraine-peace-push-2025-11-21/">writes</a>.

European defense securities fall to lowest since September over peace plan

RENK Group AG

The sell-off in European defense stocks, which have fallen about 10% over the past month, was "unwarranted and provides a compelling entry point into the sector," according to JPMorgan analyst David Perry. His opinion <a href="https://www.marketwatch.com/story/the-wars-not-over-jpmorgan-says-investors-were-too-quick-to-sell-europe-defense-stocks-on-hopes-of-ukraine-peace-0205739a?mod=newsviewer_click">is published by</a> MarketWatch.

The world is not close: JPMorgan deemed Europe's defense stock sell-off hasty

NVIDIA Corporation

Futures on major U.S. stock indices accelerated growth after the publication of statistics

First post-shutdown US labor market data surprised with job gains

BP p.l.c.

Cisco Systems, Inc.

The US ended a record 43-day shutdown, which caused tangible damage to the country's economy and became a cause for political conflicts on the eve of the next budget round. BP is negotiating the sale of Castrol for $8 billion as part of a major restructuring and divestment plan. These and other topics - in our review of key events by the morning of November 13.

The longest shutdown in U.S. history has ended

Advanced Micro Devices, Inc.

The Fed warns that the impact of artificial intelligence on the economy could prove transformative, changing the labor market and the approach to monetary policy. AMD forecasts 60% growth in data center revenue over five years, intensifying competition with Nvidia and building a presence in AI. These and other topics - in our review of key events by the morning of November 12.

US shutdown nears end: bill to end it passes Senate

Aluminum futures are considered a key indicator of global industrial activity

USA