Global markets are reacting to developments in the Russia-Ukraine conflict, with optimism surrounding potential peace talks influencing oil prices and stock markets. Oil prices have fluctuated, with Brent crude settling at $74.74 per barrel and WTI crude at $70.74 per barrel, reflecting a weekly decline. The possibility of a ceasefire has raised expectations of increased Russian oil exports, which could ease global supply concerns. European stocks, including the Stoxx 600, have rallied on hopes of a peace deal, with analysts projecting potential economic growth and reduced energy costs. Goldman Sachs has upgraded its outlook for European equities, raising its Stoxx 600 target to 580 points. Additionally, Brent crude recorded a weekly gain of approximately 1%. The delay in U.S. reciprocal tariffs announced by President Trump has also contributed to market optimism. However, some caution remains as markets assess the sustainability of these trends.